Risk Deviation
I really like your book as it is more detailed and clearly define the meaning. But I have doubt in one word "Risk Deviation" what does it mean? I do hope you could help me with the explanation on this?
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ISO 27001 DOCUMENTATION TOOLKIT
Step-by-step implementation for smaller companies.
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ISO 27001 DOCUMENTATION TOOLKIT
Step-by-step implementation for smaller companies.
Find out more
ISO 27001 DOCUMENTATION TOOLKIT
Step-by-step implementation for smaller companies.
Find out more
"Risk Deviation" is a statistical concept based on the standard variation. It means how volatile is a risk, i.e., the range of possible values, a risk can assume around an expected value.
For example, if you have a risk mean value of 3, with a deviation of +0.2 - 0.2, this means that this risk can vary from 2,8 to 3,2.
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Mar 10, 2020