Deutsch: Risiko / Español: Riesgo / Português: Cálculo de risco / Français: Risque / Italiano: Rischio
Risk is the potential of loss (an undesirable outcome, however not necessarily so) resulting from a given action, activity and/or inaction. The notion implies that a choice having an influence on the outcome sometimes exists (or existed). Potential losses themselves may also be called "risks". Any human endeavor carries some risk, but some are much riskier than others.
In an industrial and manufacturing context, "risk" refers to the possibility of negative consequences or losses that can result from various factors, such as market conditions, technological developments, and operational issues. Risks can come in many forms, including financial, operational, legal, and reputational risks. Some examples of risks in industrial and manufacturing operations include:
Managing risk is an important aspect of industrial and manufacturing operations, as it helps companies to minimize the potential for loss and ensure that they are able to operate effectively and efficiently. By identifying and mitigating risks, companies can ensure that they are better prepared to handle unexpected events and maintain a competitive advantage in a rapidly changing and unpredictable market.