Risk Management - Concept
Risk
The possibility that something harmful will happen, considered alongside how serious the impact would be
What's it for?
Helps people judge what might go wrong by considering both how likely it is and how much harm it could cause.
For example…
A company has an old internet-connected computer holding customer information that is missing an important security update, making it a much bigger risk than the same flaw on an isolated test machine
A project records a risk that the only data specialist may leave before migration, with medium likelihood but high impact
Think of it like…
Crossing a busy road blindfolded versus with the green man — same threat type, very different risk