A Risk identifies a way a location or a piece of equipment can fail as well as the consequence of the failure. This consequence is presented as a risk rank value, which is determined from the values that you select in the Risk Assessment interface that appears when you create a Risk. After you have created an Asset Strategy record, you can begin adding Risks to the Asset Strategy.
The values you specify in a Risk are stored in a Risk record. Throughout this documentation, unless it is necessary to refer to the record itself, we use the term Risk.
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