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Knowledge

risk modelling

A mathematical representation of a system, commonly incorporating probability distributions and using relevant historical data as well as expert elicitation to understand the probability of a risk event occurring and its potential severity.

Alternative Names

risk quantification

Optional for these occupations

risk modelling is a useful but optional skill for 1 occupation(s).

corporate risk manager

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Quick Facts

TypeKnowledge
ClassificationESCO
DigitalNo
GreenNo
Optional for1 occupations
Total occupations1
Alt names1

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