ISO 31000

Context matters. It is tempting to identify risks that, while real, are not relevant to your context.

Get the summary of important definitions related to risk and risk management, including uncertainty, risk event, objectives, likelihood, consequences, risk, and legal risk.

Learn how to use a risk plot to visualize risks using a qualitative risk model. Risk plots allow you to compare very different risks against each other so you make smarter decisions.

Key concepts and takeaways about legal risk assessment, including probability (likelihood) and consequences.

Now that we have identified and assessed legal risks, it is time to evaluate our options. Should the risk be ignored or treated?

Beware of too much precision in risk management, particularly legal risk management. Learn why you should treat precision carefully.

Effective risk assessments require collaboration among domain experts and those with access to necessary information.

Get a quick review of the legal risk management process with this short, free tutorial.

A quick review of lessons learned about risk management frameworks, including key terms.

When you decide to act to deal with a risk, you are “treating” that risk, meaning that you are modifying it or changing the likelihood or consequences.