What does creating a range of probable outcomes in FAIR analysis emphasize?

Creating a range of probable outcomes in FAIR analysis emphasizes assessment based on current estimates. This approach acknowledges the inherent uncertainty and variability in risk assessments, allowing for a more nuanced understanding of potential outcomes. By focusing on a range of possibilities rather than a single exact figure, stakeholders can better prepare for the various scenarios that may unfold, enhancing decision-making and risk management.

This method recognizes that risk is not always predictable with precision; therefore, it leverages current data and trends to project a spectrum of potential events and their impacts. It values the realities of uncertainty, facilitating more informed discussions about risk tolerance and mitigation strategies. This enhances the organization's ability to respond effectively to diverse situations that may arise in the future.