Tag Archives: definition of risk

Risk Velocity

I have discussed the various elements involved with evaluating risk before but have recently just came across the term ‘risk velocity’ and it attracted my attention enough to make me do a little research and talk to other professionals about it. Continue reading

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Upside risk?

Yesterday I saw a news report about BBC commissioning strategy that made me think again about it. The piece suggested the BBC should “take more risks”. The context was that playing safe in the commissioning of programs might not be the best thing to do, and some of the more groundbreaking programs of recent times have initially been programs the BBC was not 100% sure about for one reason or another. Is THIS “upside risk” I asked myself, and if it is, what are the practical implications when it comes to managing “upside risks”? Continue reading

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Definition of Risk

Why does ISO 9001:2015 define risk as the effect of uncertainty? Here are my reasons for saying it is just plain wrong Continue reading

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