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The assessment of the probability of a negative event against the aggregate severity of the related loss is called ___________.

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Answer: Risk mapping

Explanation:

Risk mapping is the assessment of the probability of a negative event against the aggregate severity of the related loss, the purpose of risk mapping is to visualize the risk associated with all events in a particular project/business. An importance of risk mapping is that it help identify possible risks or hazard associated with a particular event so as to address it and take it into consideration during decision making.

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