Total risk is the combination of both identified and unidentified risk. Ideally, identified risk will comprise the much larger proportion.
Total Risk can be looked at like an equation.
IDENTIFIED RISK + UNIDENTIFIED RISK = TOTAL RISK
Total risk is the combination of both identified and unidentified risk. Ideally, identified risk will comprise the much larger proportion.
Total Risk can be looked at like an equation.
IDENTIFIED RISK + UNIDENTIFIED RISK = TOTAL RISK