Rating Schemes
Abstract
Every risk event has both probability and impact. In most organizations, those values are established qualitatively rather than quantitatively. That creates problems because perceptions frequently differ as to what constitutes a “high” probability or a “moderate” impact. Driving those differences in perception is, in part, the lack of organizational standards or schemes to determine those values.
Fields of Study & Subjects
Construction Project Management and Performance
Risk and Safety Analysis
Leadership
Behavior
and Decision-Making Studies
Publication details
- Journal / source
- Auerbach Publications eBooks
- Pages
- 250–261
- Publication date
- 11 March 2026
- Language
- EN
- Document type
- Book chapter