Risk Likelihood vs Consequence
2 July 2021
Risk likelihood versus consequence is an indicator that helps organisations understand how well they are dealing with the risk agenda. Likelihood is simply how likely the risk is to materialise, whereas consequence is the impact on the organisation (not just financial, but also operational and reputational and, in some instances, its license to operate.
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Bernard Marr is a world-renowned futurist, influencer and thought leader in the fields of business and technology, with a passion for using technology for the good of humanity.
He is a best-selling author of over 20 books, writes a regular column for Forbes and advises and coaches many of the world’s best-known organisations.
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Bernard’s latest book is ‘Generative AI in Practice’.
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