Consequence Quote by Michael Bane
““Risk is the increased consequence of failure.””
About This Quote
Source Book: “Risk Management Essentials”, 2018
Risk equals greater impact when failure occurs; it magnifies consequences.
In simple terms: Risk is larger failure impact.
Key Takeaway
Mitigate impact, not just chance.
Themes
risk
failure
consequence
Mood
cautious
pragmatic
Type
educational
practical
When to use this quote
- project planning
- financial investing
- health safety
Key Concepts
risk assessment
probability theory
Questions to Reflect On
- How do you differentiate risk from uncertainty?
- What strategies reduce impact of failure?
A Different Perspective
Risk perception varies by individual tolerance.
