Risk Management

Risk Community: What is your working definition of risk, and why do you like your definition? Have you found the primer definitions helpful, and how can we improve?

The ASCE is struggling to develop a coherent, cogent definition of risk, and your practical feedback will go a long way in helping to get this unlocked.

I came upon this simple definition of risk in a technical safety auditing course years ago.  It will not work for everyone, but it spoke to me. This plus Kaplan and Garrick's triplet (see Primer) elevated how I manage and communicate risk. What is your go to definition?

Here's your chance to earn a gold star in the CoP!!!

Bill Mc, you already have your star :)