Firefighters are exposed to risks of fire and building collapse during their work.
In simple terms, risk is the possibility of something bad happening.[1] Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences.[2] Many different definitions have been proposed. The international standard definition of risk for common understanding in different applications is "effect of uncertainty on objectives".[3]
The understanding of risk, the methods of assessment and management, the descriptions of risk and even the definitions of risk differ in different practice areas (business, economics, environment, finance, information technology, health, insurance, safety, security etc). This article provides links to more detailed articles on these areas. The international standard for risk management, ISO 31000, provides principles and general guidelines on managing risks faced by organizations.[4]
^"Risk". Cambridge Dictionary.
^"Glossary" (PDF). Society for Risk Analysis. Retrieved 13 April 2020.
In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect...
Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed...
Information technology risk, IT risk, IT-related risk, or cyber risk is any risk relating to information technology. While information has long been appreciated...
Credit risk is the possibility of losing a lender holds due to a risk of default on a debt that may arise from a borrower failing to make required payments...
Audit risk (also referred to as residual risk) as per ISA 200 refers to the risk that the auditor expresses an inappropriate opinion when the financial...
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qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences...
Risk IT Framework, published in 2009 by ISACA, provides an end-to-end, comprehensive view of all risks related to the use of information technology (IT)...
four standard market risk factors are equity risk, interest rate risk, currency risk, and commodity risk: Equity risk is the risk that stock prices in...
risk is residual risk=(inherent risk)−(impact of risk controls){\displaystyle {\text{residual risk}}=({\text{inherent risk}})-({\text{impact of risk controls}})}...
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The ICUN has many ranks that define an animal's population and risk of extinction. Species are classified into one of nine Red List Categories: Extinct...
A global catastrophic risk or a doomsday scenario is a hypothetical event that could damage human well-being on a global scale, even endangering or destroying...
Risk of Rain is a 2013 roguelike platform game developed by Hopoo Games. Initially made by a two-student team from the University of Washington using the...
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Risk arbitrage, also known as merger arbitrage, is an investment strategy that speculates on the successful completion of mergers and acquisitions. An...
Risk and Safety Statements, also known as R/S statements, R/S numbers, R/S phrases, and R/S sentences, is a system of hazard codes and phrases for labeling...
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