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ERM concepts and Risk categorisation [14]

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Bullet points include: Score Rating Description Virtually Certain 95% probability that event will occur in the next 5 years Very Likely 75% probability that event will occur in the next 5 years Even Odds 50% probability that event will occur in the next 5 years Unlikely 25% probability that event will occur in the next 5 years Remote 5% probability that event will occur in the next 5 years

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