The purpose of the risk score is to assess the level of risk associated with a particular event or situation. The risk score is calculated by multiplying the likelihood of an event occurring by the impact it would have if it did occur.
For example, if an event has a high likelihood of occurring and would have a high impact if it did occur, then the risk score would be high. Conversely, if an event has a low likelihood of occurring and would have a low impact if it did occur, then the risk score would be low.
The risk score is a useful tool for prioritizing risks and determining which risks require the most attention and resources. It can also be used to compare the relative risk of different events or situations.