Category: Risk

Risk = Threat x Vulnerability

I once came across an equation that described Risk in terms of Threat and Vulnerability. The equation is: Risk = Threat x Vulnerability From this equation, we can see that if there is no Threat (i.e. Threat = 0) then there can be no Risk.   It doesn’t matter how vulnerable you are, if there…

Small change does not mean low risk …

All change has inherent risk, regardless of how “insignificant” the change appears to be.   Small change does not mean low risk. Most of the organisations I have worked for over the years have had some way of categorising change initiatives, based on their scale. In some, for example, “scale” was simply a function of…