In the risk formula, which factor measures the impact if the event occurs?

In the risk formula, which factor measures the impact if the event occurs?

• A. Probability
• B. Risk
• C. Consequence
• D. Severity

Answer: (C)

In risk assessment, the overall risk is shaped by how often something could happen and how big the impact would be if it does. The factor that measures that impact—the amount of harm, loss, or damage that results when the event occurs—is the consequence. Probability tells us how likely the event is, while consequence quantifies the damage if it happens, which is why it’s the correct choice. Severity is related to how serious the impact is, but the standard risk formula uses consequence to represent that impact.

In risk assessment, the overall risk is shaped by how often something could happen and how big the impact would be if it does. The factor that measures that impact—the amount of harm, loss, or damage that results when the event occurs—is the consequence. Probability tells us how likely the event is, while consequence quantifies the damage if it happens, which is why it’s the correct choice. Severity is related to how serious the impact is, but the standard risk formula uses consequence to represent that impact.