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\textbf{Definition critical risk:}

A critical risk is a plausible event or issue that could have a high
adverse impact on the ability of the project to achieve its objectives.

\textbf{Level of likelihood to occur: Low\slash medium\slash high}

The likelihood is the estimated probability that the risk will
materialise even after taking account of the mitigating measures put in
place.

\textbf{Level of severity: Low\slash medium\slash high}

The relative seriousness of the risk and the significance of its effect.
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