Education · R1
What counts as a risk?
Distinguishing risks from issues, consequences, and worries. "Financial loss" is not a risk; "supplier failure leading to financial loss" is. The single most common authoring mistake — and the right place to start.
What you'll learn
A risk has two halves: something happens, and it causes a problem. This video shows how to tell a real risk apart from a control or an event, so your register holds things that actually belong there.
- A risk is a pair — a trigger and its consequence. Describe both, and how they connect.
- "Supplier contracts aren’t reviewed" is a control gap, not a risk.
- If it sounds like something you should be doing, it is probably a control.
- If it is a problem you are already having, it is an event, not a risk.