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explain the difference between formal and informal risk assessments

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10y ago
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Kushal Mjr

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1y ago
explain the difference between formal and informal risk assessments
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5mo ago

Formal risk assessment involves a systematic and structured process to evaluate risks using quantitative data and analysis, while informal risk assessment relies more on subjective judgments and qualitative information. Formal risk assessment typically follows a standardized methodology and involves detailed documentation, whereas informal risk assessment may be more flexible and quick to conduct. Formal risk assessment is usually more rigorous and suitable for complex or high-stakes situations, while informal risk assessment can be quicker and more suitable for simpler or everyday situations.

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Anonymous

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4y ago

formal to have it written down informal just say it

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Q: The difference between formal and informal risk assessment?
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