Inherent and Residual Risk and Probability are auto-calculated on the 1Risk Platform.
Inherent Risk
Inherent Risk is calculated by the average impact score from related assets (to the risk)
Residual Risk
Residual Risk is calculated by the Inherent (Risk * Probability)/100
Probability
Probability is defined by the associated internal controls. If the residual risk is 0, then the probability is also o. If the residual risk is greater than 0 then probability is 100 minus the average control strength.
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