Module 16 2022

Food for Thought

It’s important to note that severity is a key component of risk management. Many people erroneously assume that risk is purely a percentage. If 1 of every 1,000 people dies due to a faulty pacemaker, for example, that’s a more severe “risk” than having 1 of every 300 who might suffer minor burns due to poor design of an electrical component of a device.

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Business Use Only