The Orgtology Glossary

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Orgtologist Certification Program (OCP)

The task of an executive team is to ensure performance and secure relevance. That is the bulk of their work. The word “orgtology” joins “organisation” with the Greek word “logy”. The science of organisation. It is a holistic way that helps us to drive relevant performance. This is one thing that business schools often lack to teach. The program is highly suitable for senior managers, directors, and executives.

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 - 1129 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

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 - 1129

Synonyms: LR