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13 Examples of Risk Characteristics

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Risk characteristics are properties of risk that are identified as part of basic risk analysis. These are mostly about the probability that the risk will occur and the different types of impact the risk may create. It is also common to identify the owner of the risk and any associated time frames and conditions known as risk triggers. The following are the basic risk characteristics.
Probability
Impact
Health and safety impact
Revenue impact
Operational impact
Social impact
Environmental impact
Compliance impact
Brand and reputation impact
Customer impact
Risk owner
Risk timing
Risk trigger
Sophisticated risk analysis disciplines will estimate probably and impact as statistical models. This can be roughly approximated with a relatively simple probability-impact matrix.
A risk trigger is a condition that makes a risk more likely.
More about risk analysis:
Acceptable Risk
Assessment Examples
Comparative Risk
Cone Of Uncertainty
Cost Of Risk
Extreme Value Theory
Hazard
Impact Analysis
Moment Of Risk
PESTEL Analysis
Probability-Impact Matrix
Qualitative Risk
Relative Risk
Revenue Impact
Risk Analysis
Risk Capacity
Risk Characteristics
Risk Costs
Risk Decision
Risk Estimates
Risk Evaluation
Risk Exposure
Risk Identification
Risk Impact
Risk Management
Risk Matrix
Risk Measures
Risk Objectives
Risk Perception
Risk Planning
Risk Probability
Risk Profile
Risk Register
Risk Treatment
Risk Triggers
Risk Value
Risk-Reward Ratio
Threat
Uncertainty
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