Risk

Risk is the possibility of something bad happening,[1] comprising a level of uncertainty about the effects and implications of an activity, particularly negative and undesirable consequences.[2][3]

Risk theory, assessment, and management are applied but substantially differ in different practice areas, such as business, economics, environment, finance, information technology, health, insurance, safety, security, and privacy. The international standard for risk management, ISO 31000, provides principles and general guidelines on managing risks faced by organizations.[4]

  1. ^ "Risk". Cambridge Dictionary.
  2. ^ "Glossary" (PDF). Society for Risk Analysis. Retrieved 13 April 2020.
  3. ^ ISO 31073:2022 — Risk management — Vocabulary.
  4. ^ "ISO 31000:2018 Risk Management - Guidelines". ISO.
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