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Article 21
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(Metrics of risk analysis)
It is advisable for the risk management promotion and enforcement unit to develop appropriate quantitative or qualitative metrics based on the company's risk featuresas the basis for risk analysis.
Qualitative metrics express the probability of occurrence and degree of impact of a risk event through textual description; quantitative metrics express these aspectsthrough specific measurable numbers such as days, percentages, amounts, people, etc.
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