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Definition of Likelihood | Office of the Chief Risk Officer
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Likelihood can be expressed using qualitative terms (Extreme, High, Medium, Low or Negligible), as a percent probability, or as a frequency.</p></div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div><!-- /.content --></section><!-- /.node as page --> </div> <button id="back-to-top"> <span class="fas fa-chevron-up"></span> Back to Top </button> </main> <footer id="footer"> <div id="block-config-pages" class="config-pages-block block-config-pages"> <div class="ds-entity--config-pages ds-entity--stanford-local-footer"> <div data-contextual-id="config_pages:config_pages=1:changed=1731703021&ds_bundle=stanford_local_footer&ds_view_mode=default&langcode=en" data-contextual-token="ZuyS25eykvwxUzfei5xgEpw7kGC5P1antjztdtGi9O8" data-drupal-ajax-container=""></div><div class="su-local-footer "> <div class="su-local-footer__header"> <div class="su-lockup su-lockup--option-"> <a href="https://ocro.stanford.edu/" > <div class="su-lockup__cell1"> <div 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