Organisations that document their risks are those that avoid making the same mistakes over and over again.
Summary
- What is Risk? Risk is about the uncertainty of outcomes and results, either positive or negative.
- Judging Consequences: Evaluating consequences, either good or bad, of each outcome and the likelihood of each outcome.
- Managing Risk: Managing risk refers to having an agreed structure and process in your organisation to approach foreseen and unforeseen outcomes.
Complete the following to continue to the next lesson:
- Watch the video
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