Professional cluster
Risk vocabulary
Words for uncertainty, exposure, controls and potential harm.
Risk
Hazard; danger; peril; exposure to loss, injury, or destruction.
anchor · The possibility that uncertainty will affect objectives.HazardA game of chance played with dice.
related · A source of potential harm.ExposureThe act of exposing or laying open, setting forth, laying bare of protection, depriving of care or concealment, or setting out to reprobation or…
related · The extent to which something is vulnerable to loss.LikelihoodAppearance; show; sign; expression.
related · How probable an event is.ImpactTo drive close; to press firmly together: to wedge into a place.
related · The scale of consequence if an event occurs.MitigationThe act of mitigating, or the state of being mitigated; abatement or diminution of anything painful, harsh, severe, afflictive, or calamitous; a…
related · Action that reduces likelihood or impact.ControlA duplicate book, register, or account, kept to correct or check another account or register; a counter register.
related · A measure designed to manage risk.ContingencyUnion or connection; the state of touching or contact.
related · A prepared response for a possible event.