Definition

All the things that could possibly go wrong with a decision, quantified and documented so someone can be blamed later. In corporate settings, they're identified, assessed, mitigated, and then ignored until they become actual problems. Finance professionals love calculating them with impressive formulas that provide false precision about fundamentally unknowable futures.

Example Usage

We identified twelve key risks in the project plan, acknowledged them in a document, and proceeded exactly as if they didn't exist.

Source: Business terminology via Dictionary definitions

Related Terms

Translate This Term

See “risks” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.

Try the Translator