Abstract: The Risk Analyzer and Prioritizer tool is a software application designed to help organizations identify, evaluate, and prioritize potential risks that could impact their operations. The tool typically uses a combination of qualitative and quantitative risk assessment methods to analyze the likelihood and potential impact of identified risks. The risk prioritizer aspect of the tool involves assigning a priority ranking or score to each identified risk based on its level of severity and the organization's tolerance for risk. The tool may also provide recommendations for risk mitigation strategies, such as risk avoidance, risk reduction, risk transfer, or risk acceptance. Overall, the Risk Analyzer and Prioritizer tool can help organizations make informed decisions about risk management and allocate resources more effectively to mitigate potential risks. By using this tool, organizations can enhance their overall risk management processes and reduce the likelihood and impact of potential risks on their operations.
Keywords: Prioritizer, Analyzer, Risk, Mitigate.
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DOI:
10.17148/IJARCCE.2023.12309
