Definition: Risk Analysis is a critical process in the field of IT that involves identifying and assessing factors that could negatively affect the success of a business or project. It helps in making informed decisions, planning for uncertainties, setting up contingency plans, and mitigating risks. Source: Techopedia Source reference: https://www.techopedia.com/definition/25836/risk-analysis Additional information: Risk Analysis in IT involves a detailed study of uncertainties and risks that a business might face in terms of IT infrastructure, software development, data security, etc. It includes identifying potential threats, assessing the vulnerability of IT systems to these threats, determining the potential impact, and prioritizing the risks based on their severity. Risk analysis can be quantitative (numerical or measurable) or qualitative (descriptive or subjective). The main goal of risk analysis is to help organizations minimize risks and prevent potential loss or damage. Example: [object Object],[object Object],[object Object] LOST view: TVA-Customs Risk Analysis Enablers [Motivation] Identifier: http://data.europa.eu/dr8/egovera/RiskAnalysisBusinessService EIRA traceability: eira:DigitalPublicBusinessService ABB name: egovera:RiskAnalysisBusinessService EIRA concept: eira:ArchitectureBuildingBlock Last modification: 2023-08-08 dct:identifier: http://data.europa.eu/dr8/egovera/RiskAnalysisBusinessService dct:title: Risk analysis Digital Public Service