Risk Management Framework by Probability
1. Predictive: Low Probability (~50%)
- Focus: Forecasting potential failures before they show clear signs.
- Action: “Predict failures and replace planned”.
- Key Phrase: Forecasting Low-Odds Uncertainties.
2. Proactive: High Probability (50%~)
- Focus: Addressing inefficiencies that are very likely to become actual problems.
- Action: “Optimize inefficiencies before they become problems”.
- Key Phrase: Preempting High-Chance Risks.
3. Reactive: Manifested (100%)
- Focus: Dealing with issues that have already occurred and are currently impacting the system.
- Action: “Identify root cause instantly and recover rapidly”.
- Key Phrase: Addressing Realized Incidents.
Manage risks by forecasting low-probability (~50%) uncertainties (Predictive), preempting high-probability (50%~) inefficiencies (Proactive), and rapidly recovering from 100% manifested incidents (Reactive).
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