Definition(s):
“a powerful effect that something, especially something new, has on a situation or person” or “an effect or influence.” (Cambridge Dictionary)
In the context of software risk management, impacts refer to the severity of potential loss of the risk.
Source(s):
- Cambridge Dictionary. Available at: https://dictionary.cambridge.org/dictionary/english/impact.
- Chittister, Clyde, and Yacov Y. Haimes. “Risk associated with software development: a holistic framework for assessment and management.” IEEE Transactions on Systems, Man, and Cybernetics 23.3 (1993): 710-723.
- Carr, Marvin J., et al. Taxonomy-based risk identification. carnegie-mellon univ pittsburgh pa software engineering inst, 1993.