Risk Evaluation
What is Risk Evaluation?
Risk Evaluation is the process of comparing the results of risk analysis with established risk criteria to determine whether a specific risk is acceptable, tolerable, or requires treatment. It is a critical step in the risk management process, helping organizations prioritize risks based on their potential impact and likelihood.
This phase transforms raw risk data into meaningful insight, guiding decision-makers on how to respond appropriately—whether to accept, mitigate, transfer, or avoid the risk.
Objectives of Risk Evaluation
Determine the severity and urgency of a risk
Decide whether the risk is within acceptable boundaries
Prioritize risks for treatment or monitoring
Align risk response with organizational risk appetite
Provide a basis for informed decision-making
Key Factors Considered During Risk Evaluation
Likelihood and impact of the risk
Risk appetite and tolerance thresholds
Regulatory or legal requirements
Stakeholder concerns
Cost vs. benefit of mitigation options
How SysRisk Enhances Risk Evaluation
SysRisk offers advanced tools that make risk evaluation faster, smarter, and more consistent:
✅ Automated Scoring Models – Evaluate risk based on customizable matrices
✅ Risk Heat Maps – Visualize and compare risk severity at a glance
✅ Threshold Alerts – Get notified when risks exceed tolerance levels
✅ Decision Support Tools – Recommend appropriate risk responses
✅ Custom Risk Criteria Settings – Align evaluation with your organization’s strategy and policies
With SysRisk, risk evaluation becomes an intelligent, data-driven process, enabling organizations to take timely and effective action on the risks that matter most.
