As presented in Model tab, Risk identification can be effectively implemented with the help of Risk catalog. Risk catalog also represents one of the tools for Risk analysis, as we can use it for identification of general risk properties as well as specific dimensions of defining risks through internal and external context of an organization. Risk identification can be recognized as fully soft solution of Risk assessment, as it is implemented with soft grips - evidence based methods, systematic team approaches, inductive reasoning techniques (HAZOP), brainstorming, Delphi methodology etc. Risk analysis, on the other side, can be recognized as a semi-soft solution, as it can be implemented by qualitative, semi-quantitative or quantitative methods - descriptive levels of risks and numerical rating scales for consequence and probability, or the combination of both.

Risk evaluation