Table 1 Classification of risks Risk... | Emerald Publishing

Table 1

Classification of risks

Risk assessment
No	Risk	Risk description	Assessment (1-5points scale)			Risk prevention/reduction measures
No	Risk	Risk description	Probability	Losses	Impact	Risk prevention/reduction measures
1	Financial risks	Financial risk is the possibility of losing money on an investment or business venture	4	3	12	Limiting – deliberate limitation of possible
1	Financial risks		4	3	12	losses in accordance with a predetermined limit Accounting – collection of additional information
2	Implementation on risks	Implementation risk is the potential for a development or deployment failure	3	5	15	Tracking triggers (signs of risk events) Reservation – creation of reserves for resources
3	Risks of achieving results	Uncertainty that leads to the emergence of danger of not achieving the set goals	4	3	12	Diversification – spreading risk across multiple alternatives
4	Environmental	Environmental risk arises from environmental hazards or environmental issues. The chance of harmful effects to human health, ecological systems	5	5	25	Tracking triggers (signs of risk events)
4	risk		5	5	25	Tracking triggers (signs of risk events)
5	Information technology risk	IT risk arises from the potential that a threat may pose	3	2	6	Reservation – creation of reserves for various types of resources

Risk assessment
No	Risk	Risk description	Assessment (1-5points scale)			Risk prevention/reduction measures
No	Risk	Risk description	Probability	Losses	Impact	Risk prevention/reduction measures
1	Financial risks	Financial risk is the possibility of losing money on an investment or business venture	4	3	12	Limiting – deliberate limitation of possible
1	Financial risks		4	3	12	losses in accordance with a predetermined limit Accounting – collection of additional information
2	Implementation on risks	Implementation risk is the potential for a development or deployment failure	3	5	15	Tracking triggers (signs of risk events)Reservation – creation of reserves for resources
3	Risks of achieving results	Uncertainty that leads to the emergence of danger of not achieving the set goals	4	3	12	Diversification – spreading risk across multiple alternatives
4	Environmental	Environmental risk arises from environmental hazards or environmental issues. The chance of harmful effects to human health, ecological systems	5	5	25	Tracking triggers (signs of risk events)
4	risk		5	5	25	Tracking triggers (signs of risk events)
5	Information technology risk	IT risk arises from the potential that a threat may pose	3	2	6	Reservation – creation of reserves for various types of resources

Source(s): Authors' own work