Low Risk

Term	Definition
Low Risk	A low risk is a risk that is likely to happen, but if it does, it will have little to no impact. E.g., the probability of getting a paper cut on your finger when doing office work is high. Yet, its severity is low. Therefore, it is a low risk. In orgtology, a low risk is one that we should not spend energy on managing. Its only purpose is to give statistical meaning to other risks. Author - Derek Hendrikz Hits - 1111 Synonyms: LR orgtology derek hendrikz derek hendrikz consulting risk Low Risk (LR) LR A low risk is a risk that is likely to happen, but if it does little to no impact severity is low In orgtology, a low risk is one that we should not spend energy on managing give statistical meaning Low Risk

Term

Definition

A low risk is a risk that is likely to happen, but if it does, it will have little to no impact. E.g., the probability of getting a paper cut on your finger when doing office work is high. Yet, its severity is low. Therefore, it is a low risk. In orgtology, a low risk is one that we should not spend energy on managing. Its only purpose is to give statistical meaning to other risks.

Author - Derek Hendrikz

Hits - 1111

Synonyms: LR

orgtology
derek hendrikz
derek hendrikz consulting
risk
Low Risk (LR)
LR
A low risk is a risk that is likely to happen, but if it does
little to no impact
severity is low
In orgtology, a low risk is one that we should not spend energy on managing
give statistical meaning
Low Risk