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calculated risk
What is a Calculated Risk? John Spacey, updated on
 ExampleA business unit decides that there is a 70% chance that a $400,000 project will fail. If the project succeeds it will save the firm at least $10 million. The business unit decides to take the calculated risk of proceeding with the project. Every effort is made to reduce risk but the team realizes that failure is a possibility.
RisksThis is the complete list of articles we have written about risks.If you enjoyed this page, please consider bookmarking Simplicable.
Risk ManagementAn overview of the risk management process.
Cascading Failure vs Resilience
An overview of cascading failure and resilience.
Business As Usual
An overview of business as usual.
Risk MitigationA list of techniques for reducing risk.Risk Mitigation vs Risk Reduction
The difference between risk mitigation and risk reduction.
Risk ControlA list of common risk controls.Risk Value
A definition of risk value with example calculation.
Risk ImpactThe common types of risk impact.Risk CommunicationA definition of risk communication with examples.Risk Management ProcessOverview of the steps in a risk management process.Business RisksA list of common business risks.Risk TreatmentThe five things that can be done about risk.Positive RiskThe potential that you'll achieve too much of a good thing.Dread Risk
Any risk that people have a strong aversion too.
Risk vs Opportunity
The surprising similarities between risk and opportunity.
Risk Management vs Contingency Planning
The difference between risk management and contingency planning.
UncertaintyThe common types of uncertainty in decision making and strategy.Inventory Risk
The common types of inventory risk.
Business Risk Management
An overview of common business risk management techniques.
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