What is the intersection of the assessed probability and severity of a hazard called in the CRM process Risk level Control Accident Assessment?

In the CRM (Crew Resource Management) process, the intersection of the assessed probability and severity of a hazard is called "Risk Level." This term encompasses the evaluation of how likely a hazard is to occur and the potential impact it could have, allowing for informed decision-making regarding safety measures and controls. By assessing both factors, organizations can prioritize risks and implement appropriate strategies to mitigate them effectively.