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What is Risk?

Last Updated: 10/20/2026 in Overview

What is the meaning when someone says there is a risk of loss? It means that something might happen that can result in a loss . The words "something", "might", and "loss" have special meanings. The something is what we will call an 'Event', ...
Efficient Frontier From Threats

Last Updated: 10/20/2026 in Controls Efficient Frontier

The Efficient Frontier results make it easy to compare several scenarios and see the effects of lower or higher budgets. This page displays the Efficient Frontier to specific Threats. In Riskion, we refer to threats , causes , hazards ,...
Overall Efficient Frontier

Last Updated: 10/20/2026 in Controls Efficient Frontier

The Efficient Frontier results make it easy to compare several scenarios and see the effects of lower or higher budgets. Click to display results: Overall Efficient Frontier The Overall Efficient Frontier page displays...
Overall Loss Exceedance Curve (LEC)

Last Updated: 10/06/2026 in Risks Loss Exceedance Curve

Overview The LEC represents the annual frequency whereupon a determining economic loss will be exceeded. It is the most important and strongest measurement of risk since it provides basic information for the planning and appropriation of the ...
Overall Loss Exceedance Curve (LEC) with Controls

Last Updated: 10/05/2026 in Controlled Risks Loss Exceedance Curve (with Controls)

Overview The LEC represents the annual frequency whereupon a determining economic loss will be exceeded. It is the most important and strongest measurement of risk since it provides basic information for the planning and appropriation of the ...
Frequently Asked Questions

Last Updated: 07/20/2026
Can multiple Project Managers edit the same model at the same time?

Last Updated: 07/20/2026 in Frequently Asked Questions

Yes. Multiple PMs can log in and edit the same project model concurrently. The application allows multiple Project Managers (PMs) to work on the same model simultaneously. This enables collaborative work without preventing users from making chang...
Measurement Methods

Last Updated: 10/01/2025 in Likelihood of Events Measure
Likelihood: Define Measurement Methods Overview

Last Updated: 10/01/2025 in Likelihood of Events Measure Measurement Methods

You can manage the Likelihood's Measurement Methods on the LIKELIHOOD OF EVENTS > MEASURE > Measurement Method s page: The Measurement Methods for Likelihoods page is where we designate how likelihoods are to be derived or assigned:...
Simulated vs Computed Event Likelihoods, Impacts, and Risks (Flaw of Averages)

Last Updated: 08/27/2025 in Risks Risk of Events

The risk of an event is the product of the event's likelihood and impact. However, the computed likelihood of an event may depend on the event being caused by more than one threat. If these threats are not mutually exclusive, then the computed li...