Issue 7817: The definition of Risk doesn't seem to define risk. (uml-qos-ft-ftf) Source: BAE SYSTEMS (Mr. Kevin Dockerill, kevin.dockerill@baesystems.com) Nature: Clarification Severity: Minor Summary: The definition of Risk doesn't seem to define risk. We define Risk as "an event or a series of event which, on occurring, would damage a project or business objective in terms of performance, functionality, time of delivery, acceptance or cost" I would modify this to say "damage a project, business objective or system" Resolution: Revised Text: Actions taken: September 30, 2004: received issue March 8, 2006: closed issue Discussion: This proposed definition is equivalent to the definition of unwanted incident: "An undesired event that may reduce the value of an asset" The definition of risk: "An unwanted incident that has been assigned a consequence value, a frequency value and a resulting risk value", is based in the definition in AS/NZS 4360: 1999 "Risk; the chance of something happening that will have an impact upon objectives. It is measured in terms of consequence and likelihood". Disposition: Closed, no change End of Annotations:===== m: webmaster@omg.org Date: 30 Sep 2004 06:31:11 -0400 To: Subject: Issue/Bug Report -------------------------------------------------------------------------------- Name: Kevin Dockerill Company: BAE SYSTEMS, Warton, Lancs UK mailFrom: Kevin.dockerill@baesystems.com Notification: No Specification: UML Profile for Modeling Quality of Service and Fault Tolerance Characteristics and Mechanisms Section: Section 12.1.4 FormalNumber: Ptc/2004-06-01 Version: Draft RevisionDate: 7/21/2004 Page: 56 Nature: Clarification Severity: Minor HTTP User Agent: Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1) Description The definition of Risk doesn't seem to define risk. We define Risk as "an event or a series of event which, on occurring, would damage a project or business objective in terms of performance, functionality, time of delivery, acceptance or cost" I would modify this to say "damage a project, business objective or system"