Risk Assessment Challenges

When completing a risk assessment, several challenges must be addressed and overcome. Many of these challenges are dependent on the type of assessment that was chosen. Both the quantitative and qualitative assessments have their own challenges. These challenges were listed in the previous section as limitations.

Several additional challenges exist. These include:

  • Using a static process to evaluate a moving target
  • Availability of resources and data
  • Data consistency
  • Estimating impact effects
  • Providing results that support resource allocation and risk acceptance

These challenges are explored in the following sections.

Using a Static Process to Evaluate a Moving Target

As mentioned previously, a risk assessment ...

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