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risk framing

Abbreviation(s) and Synonym(s):

None

Definition(s):

  The set of assumptions, constraints, risk tolerances, and priorities/trade-offs that shape an organization’s approach for managing risk
Source(s):
NIST SP 800-161 under Risk Framing NIST SP 800-39

  A characteristic used in a risk model as an input to determining the level of risk in a risk assessment.
Source(s):
NIST SP 800-160 Vol.2