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The Global Centre for Risk and Innovation
The Global Centre for Risk and Innovation
The Global Centre for Risk and Innovation

Glossary term

Likelihood

The chance of something happening, whether defined, measured or determined objectively or subjectively, qualitatively or quantitatively (ISO 31000:2018, 3.7).

The chance of something happening, whether defined, measured or determined objectively or subjectively, qualitatively or quantitatively (ISO 31000:2018, 3.7).

Institution GCRI