{"id":125,"date":"2020-02-08T12:06:37","date_gmt":"2020-02-08T12:06:37","guid":{"rendered":"https:\/\/authorlab.pro\/layout\/beyondthespreadsheet\/?post_type=front-matter&p=125"},"modified":"2020-02-21T08:48:05","modified_gmt":"2020-02-21T08:48:05","slug":"glossary-and-abbreviations","status":"publish","type":"front-matter","link":"https:\/\/authorlab.pro\/layout\/beyondthespreadsheet\/front-matter\/glossary-and-abbreviations\/","title":{"raw":"Glossary and Abbreviations","rendered":"Glossary and Abbreviations"},"content":{"raw":"The following terms and abbreviations are used throughout the text. Citations and sources are included where appropriate.\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
ALARP<\/span><\/strong><\/td>\r\nAs low as reasonably possible. A level after which it would be too expensive or disruptive to reduce the risk any further.<\/span><\/td>\r\n<\/tr>\r\n
Downside risk<\/span><\/strong><\/td>\r\nA risk that would hinder your objectives.<\/span><\/td>\r\n<\/tr>\r\n
HSE<\/span><\/strong><\/td>\r\nHealth, Safety and Environment. Sometimes HSSE to include security.<\/span><\/td>\r\n<\/tr>\r\n
Impact<\/span><\/strong><\/td>\r\nThe effect a risk source would have on your objectives. Effect<\/em> or consequence<\/em> are often used as synonyms.<\/span><\/td>\r\n<\/tr>\r\n
KISS<\/span><\/strong><\/td>\r\nKeep it stupid simple. The principle that systems work best when they are as simple as possible. Attributed to Lockheed engineer Kelly Johnson.<\/span><\/td>\r\n<\/tr>\r\n
Likelihood<\/span><\/strong><\/td>\r\n\u201cThe chance of something happening\u201d<\/i> (ISO).<\/span><\/td>\r\n<\/tr>\r\n
Opportunity<\/span><\/strong><\/td>\r\nThe source of an upside risk.<\/span><\/td>\r\n<\/tr>\r\n
Risk<\/span><\/strong><\/td>\r\n\u201cThe effect of uncertainty on objectives\u201d <\/i>(ISO). Risks can have a positive or negative effect - see upside and downside risks.<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n \r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
Risk appetite <\/span><\/strong><\/td>\r\nThe amount of risk an organization is comfortable with on a day-to-day basis or the amount of upside risk that it wants to pursue.<\/span><\/td>\r\n<\/tr>\r\n
Risk tolerance<\/span><\/strong><\/td>\r\nThe amount of risk an organization can bear for a short period of time.<\/span><\/td>\r\n<\/tr>\r\n
Threat<\/span><\/strong><\/td>\r\nThe source of a downside risk. Hazard<\/em> can be used synonymously. <\/span><\/td>\r\n<\/tr>\r\n
Upside risk<\/span><\/strong><\/td>\r\nA risk that would support your objectives.<\/span><\/td>\r\n<\/tr>\r\n
Vulnerability<\/span><\/strong><\/td>\r\nAn absence of or weakness in controls or defenses designed to prevent a threat from causing an impact. A low vulnerability indicates comprehensive protective measures are in place. Exposure<\/em> is used synonymously in some cases.<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>","rendered":"

The following terms and abbreviations are used throughout the text. Citations and sources are included where appropriate.<\/p>\n\n\n\n\n\n\n\n\n\n\n
ALARP<\/span><\/strong><\/td>\nAs low as reasonably possible. A level after which it would be too expensive or disruptive to reduce the risk any further.<\/span><\/td>\n<\/tr>\n
Downside risk<\/span><\/strong><\/td>\nA risk that would hinder your objectives.<\/span><\/td>\n<\/tr>\n
HSE<\/span><\/strong><\/td>\nHealth, Safety and Environment. Sometimes HSSE to include security.<\/span><\/td>\n<\/tr>\n
Impact<\/span><\/strong><\/td>\nThe effect a risk source would have on your objectives. Effect<\/em> or consequence<\/em> are often used as synonyms.<\/span><\/td>\n<\/tr>\n
KISS<\/span><\/strong><\/td>\nKeep it stupid simple. The principle that systems work best when they are as simple as possible. Attributed to Lockheed engineer Kelly Johnson.<\/span><\/td>\n<\/tr>\n
Likelihood<\/span><\/strong><\/td>\n\u201cThe chance of something happening\u201d<\/i> (ISO).<\/span><\/td>\n<\/tr>\n
Opportunity<\/span><\/strong><\/td>\nThe source of an upside risk.<\/span><\/td>\n<\/tr>\n
Risk<\/span><\/strong><\/td>\n\u201cThe effect of uncertainty on objectives\u201d <\/i>(ISO). Risks can have a positive or negative effect – see upside and downside risks.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n\n\n\n\n\n\n\n
Risk appetite <\/span><\/strong><\/td>\nThe amount of risk an organization is comfortable with on a day-to-day basis or the amount of upside risk that it wants to pursue.<\/span><\/td>\n<\/tr>\n
Risk tolerance<\/span><\/strong><\/td>\nThe amount of risk an organization can bear for a short period of time.<\/span><\/td>\n<\/tr>\n
Threat<\/span><\/strong><\/td>\nThe source of a downside risk. Hazard<\/em> can be used synonymously. <\/span><\/td>\n<\/tr>\n
Upside risk<\/span><\/strong><\/td>\nA risk that would support your objectives.<\/span><\/td>\n<\/tr>\n
Vulnerability<\/span><\/strong><\/td>\nAn absence of or weakness in controls or defenses designed to prevent a threat from causing an impact. A low vulnerability indicates comprehensive protective measures are in place. Exposure<\/em> is used synonymously in some cases.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"author":253,"menu_order":6,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"front-matter-type":[17],"contributor":[],"license":[],"class_list":["post-125","front-matter","type-front-matter","status-publish","hentry","front-matter-type-miscellaneous"],"_links":{"self":[{"href":"https:\/\/authorlab.pro\/layout\/beyondthespreadsheet\/wp-json\/pressbooks\/v2\/front-matter\/125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/authorlab.pro\/layout\/beyondthespreadsheet\/wp-json\/pressbooks\/v2\/front-matter"}],"about":[{"href":"https:\/\/authorlab.pro\/layout\/beyondthespreadsheet\/wp-json\/wp\/v2\/types\/front-matter"}],"author":[{"embeddable":true,"href":"https:\/\/authorlab.pro\/layout\/beyondthespreadsheet\/wp-json\/wp\/v2\/users\/253"}],"version-history":[{"count":6,"href":"https:\/\/authorlab.pro\/layout\/beyondthespreadsheet\/wp-json\/pressbooks\/v2\/front-matter\/125\/revisions"}],"predecessor-version":[{"id":248,"href":"https:\/\/authorlab.pro\/layout\/beyondthespreadsheet\/wp-json\/pressbooks\/v2\/front-matter\/125\/revisions\/248"}],"metadata":[{"href":"https:\/\/authorlab.pro\/layout\/beyondthespreadsheet\/wp-json\/pressbooks\/v2\/front-matter\/125\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/authorlab.pro\/layout\/beyondthespreadsheet\/wp-json\/wp\/v2\/media?parent=125"}],"wp:term":[{"taxonomy":"front-matter-type","embeddable":true,"href":"https:\/\/authorlab.pro\/layout\/beyondthespreadsheet\/wp-json\/pressbooks\/v2\/front-matter-type?post=125"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/authorlab.pro\/layout\/beyondthespreadsheet\/wp-json\/wp\/v2\/contributor?post=125"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/authorlab.pro\/layout\/beyondthespreadsheet\/wp-json\/wp\/v2\/license?post=125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}