Risk Management glossary update

Risk Management glossary update

Apr 21st, 2021

We recently carried out a Risk Management glossary update.

Risk Management glossary update

The reason for this update is the new book we will publish.

Indeed, the book deals with a number of ongoing issues such as climate change, cyber attacks, ethics, and sustainability. These require us to define a series of new key terms.

Where you can find the Risk Management glossary update

You can browse through the Risk Management glossary update in its dedicated glossary page.

There you can also download it for free.

Feel free to use it, just make sure you reference its source as indicated on the page.

Should you have any questions, contact us and we will try to answer asap.

Why is updating the Risk Management glossary so important?

We think that if we want to move forward and create value while reducing exposures, we need to properly identify and quantify probabilities of occurrence and consequences of mishaps in our complex, interdependent systems.

Indeed, we have seen more than our share of misunderstanding and squandering of resources because decision makers did not really understand each other.

Risk communication has to be crystal clear and honest and that is only possible if we minimize linguistic difficulties.

We have built our practice and reputation by supporting industries decision making in presence of uncertainty. This is particularly important if events can diverge. Divergence happens with climate change, geopolitical issues, cyber attacks, social platforms evolution.

In the future we will see more and more divergent exposures and it will be paramount to have risk management approaches that can cope with divergence. That is only possible if key terms and general glossary are clearly defined.

Help yourself to the Risk Management glossary 

Visit the Risk Management glossary update page (https://www.riskope.com/knowledge-centre/tool-box/glossary/),

Fetch the update you would like to download. 2017, 2020 and 2021 editions are available. Free download the one you wish to use.

Let us know if you think we should add some terms and when you use the glossary, please cite the source and the authors.

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Category: Consequences, Hazard, Probabilities, Risk analysis, Risk management

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