noun
- A measure of how an entity or its objectives are affected.
Usage Notes
- Quantitatively, impact is often expressed as:
- positive/negative affect on financial assets
- positive/negative affect on other tangible assets (facilities, equipment)
- positive/negative affect on other intangible assets (reputation, information, knowledge, skills)
- positive/negative affect on business continuity
- positive/negative affect on health & safety
- Qualitatively, impact is is often expressed using an ordinal scale.
Be careful when using ordinal scales to express impact. If you use an ordinal scale, math will be useless because “High x Low” does not yield a comparative result.
