Impact of Risk is the effect an unfavorable would have on DMNA if the event were to occur. This effect could be some type of harm or an opportunity that would be lost. Probability of Occurrence is the likelihood that an unfavorable would occur based on the controls in place. Select an Overall Risk Level of the function if there is Failed Controls. If the above internal Major negative consequences could controls or the function High result if the function or its internal failed and the potential controls fail to operate properly. negative consequences High impact and high likelihood occur, how would you that the risk would occur, #4 on estimate the risk level of above graph. the function? Moderate negative consequences Moderate result if the function or its internal controls fail to operate properly. #2 or 3 on above graph. Little or no negative consequences Low could result if the function or its internal controls fail to operate properly. Low impact and low likelihood that the risk would occur, #1 on above graph. Select an Overall Risk Level of the function if Controls are in Place. If the above internal Major negative consequences could controls are in place High result if the function or its internal and the potential controls operate properly. High negative consequences impact and high likelihood that the occur, how would you risk would occur, #4 on above estimate the risk level of graph. the function? Moderate negative consequences Moderate could result if the function or its internal controls operate properly. #2 or 3 on above graph. Little or no negative consequences Low could result if the function or its internal controls operate properly.
Impact of Risk is the effect an unfavorable would have on DMNA if the event were to occur. This effect could be some type of harm or an opportunity that would be lost. Probability of Occurrence is the likelihood that an unfavorable would occur based on the controls in place. Select an Overall Risk Level of the function if there is Failed Controls. If the above internal controls or the function failed and the potential negative consequences occur, how would you estimate the risk level of the function? High Major negative consequences could result if the function or its internal controls fail to operate properly. High impact and high likelihood that the risk would occur, #4 on above graph. Moderate Moderate negative consequences result if the function or its internal controls fail to operate properly. #2 or 3 on above graph. Low Little or no negative consequences could result if the function or its internal controls fail to operate properly. Low impact and low likelihood that the risk would occur, #1 on above graph. Select an Overall Risk Level of the function if Controls are in Place. If the above internal controls are in place and the potential negative consequences occur, how would you estimate the risk level of the function? High Major negative consequences could result if the function or its internal controls operate properly. High impact and high likelihood that the risk would occur, #4 on above graph. Moderate Moderate negative consequences could result if the function or its internal controls operate properly. #2 or 3 on above graph. Low Little or no negative consequences could result if the function or its internal controls operate properly.
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