Risk Assessment Criteria
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Stanford University uses the following criteria to assess enterprise risks, but are also applicable to a unit-specific risk assessment program. However, please note that the impact criteria, particularly the financial ones, may need to be adjusted to reflect the reality of the specific unit; the ERM Office would be happy to assist you.
Please note that any one factor by itself contributes to the ranking, that is, the factors should be read as “or” and not as “and”.