This two-part article series examines how organizations define and manage risk. Part 1 establishes a common understanding of what risk is, including key definitions and types of risk. Part 2 will focus on “soft” risks and their often-overlooked impact on organizational performance.

We begin with a fundamental question: What exactly is risk? While uncertainty is everywhere, only some uncertainties truly matter. Understanding when uncertainty becomes risk is essential to managing performance effectively.

Discover how your team can establish an effective approach to develop a world class approach to managing risk in this valuable Pilko Grey Paper Series.