... the business. o Business status. The uncertainty of a risk often depends on the business's progress through its life cycle. Early in the business many risks have not surfaced, the design for the business is immature and changes can occur, making it likely that more risks will be discovered. o Business type. Businesses of a common or recurrent type tend to have less risk. Businesses using state-of-the-art or first-of-a-kind technology or highly complex businesses tend to have more risk. o Data precision. Precision describes the extent to which a risk is known and understood. It measures the extent of data available as well as the reliability of data. The source of the data that was used to identify the risk must be evaluated. o Scales of probability and impact. These scales are to be used in assessing the two key dimensions of risk.> Tools and Techniques for qualitative Risk Analysis o Risk probability ...

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