When a harmful occurrence is expected to be common, how is this probability characterized?

The characterization of probability when a harmful occurrence is expected to be common is identified as "likely." This term is used to describe situations where there is a significant chance that an event will occur. In risk management, when events are anticipated to happen frequently or with a considerable degree of probability, categorizing them as "likely" helps organizations plan and implement appropriate risk mitigation strategies.

This classification indicates a higher degree of expected occurrence than terms like "unlikely" or "possible," which suggest lower probabilities, and "certain," which would imply that the event will definitely occur. Thus, recognizing an event as "likely" allows teams to prioritize resources and preventive measures to address the risks effectively.