Risk Management Terminology

noun a positive declaration intended to give confidence; a promise or guarantee

adjective providing confidence or certainty; sure or certain

• The company provided a written assurance that the product would be delivered on time.
• I need some assurance that you'll be there to help me move next weekend.
• I need some reassurance that everything will be okay.
• Her confident smile was a reassuring assurance that everything would work out in the end.

adjective having an unpredictable or risky outcome

• The outcome of the negotiation is quite dicey at the moment.
• I'm not sure about going to that party, it seems a bit dicey.
• The plan to sneak out of the house was pretty dicey, but we pulled it off.
• The decision to invest in that company is a bit dicey, we might lose a lot of money.

verb to prevent or hinder something from happening or to anticipate and deal with something in advance

• The company implemented new policies to forestall any potential legal issues.
• I made sure to speak up early to forestall any misunderstandings.
• I had to act fast to forestall any drama from happening.
• She tried to forestall the inevitable breakup, but it was unavoidable.

noun a warning or indication of a future event

• It is always wise to provide a forewarning before implementing any major changes in the company.
• Just a heads up, I'll be giving a forewarning about the upcoming project deadlines in our next meeting.
• I'll shoot you a forewarning text before I drop by your place tonight.
• The dark clouds gathering on the horizon were a forewarning of the impending storm.

verb to put something or someone in a situation where there is a risk of harm, loss, or failure

• Failure to follow safety protocols could jeopardize the entire project.
• Skipping steps in the process might jeopardize our chances of success.
• If you don't study for the exam, you'll totally jeopardize your grade.
• Her reckless behavior could jeopardize her reputation in the community.

noun a word that represents a person, place, thing, or idea

• The nonoccurrence of the event was a relief to many stakeholders.
• It was a good thing that the nonoccurrence of the incident prevented any chaos.
• The nonoccurrence of the party was a bummer.
• The nonoccurrence of her smile in the room made everything feel dull.

noun serious and immediate danger

verb not applicable

adjective not applicable

adverb not applicable

pronoun not applicable

preposition not applicable

conjunction not applicable

interjection not applicable

article not applicable

• The ship was in grave peril as it sailed through the stormy seas.
• We're in serious peril if we don't finish this project on time.
• Dude, we're in deep peril if we get caught skipping class again.
• His reckless behavior put his reputation in peril.

noun the quality of being able to be predicted or anticipated

adjective predictable

• The predictability of the stock market is a topic of much debate among economists.
• I can always count on the predictability of my mom's cooking.
• I love how the predictability of his jokes always makes me laugh.
• The predictability of the sunrise brings a sense of comfort and routine to my mornings.

noun a state of being ready or prepared for something

adjective preparedness can also be used as an adjective to describe someone or something that is ready or prepared

• The government emphasized the importance of disaster preparedness in their latest report.
• Make sure you have your emergency kit ready just in case - preparedness is key!
• Dude, you gotta have your stuff together, like, always be preparedness, ya know?
• In life, it's crucial to have mental preparedness for any challenges that may come your way.

adjective describing something that was not expected or foreseen

• The company faced financial difficulties due to unanticipated changes in the market.
• I was caught off guard by the unanticipated rainstorm during our picnic.
• I didn't expect that plot twist in the movie, it was totally unanticipated!
• The unanticipated wave of emotions hit me like a ton of bricks.

noun a person or thing that is underestimated

verb to estimate (something) as being smaller, less important, or less valuable than it actually is

• It is unwise to underestimate the impact of climate change on global ecosystems.
• Don't underestimate how challenging this project will be.
• You shouldn't underestimate how cool he is.
• Never underestimate the power of a kind gesture.

adjective not anticipated or expected

• The project faced delays due to unforeseen circumstances.
• I had to cancel my plans because of an unforeseen issue.
• The party got ruined by some unforeseen drama.
• Life is full of unforeseen twists and turns.

adjective describing something that cannot be predicted or foreseen

• The stock market is known for being unpredictable, making it difficult to predict future trends.
• The weather in this city is so unpredictable, you never know when it's going to rain.
• Her mood swings are so unpredictable, she's like a rollercoaster.
• Life is like a box of chocolates, you never know what you're gonna get - it's unpredictable.

adjective describing something that was not foreseen or expected

• The unprecedented increase in sales was an unpredicted outcome of the marketing campaign.
• The sudden rainstorm was unpredicted, so we got caught without umbrellas.
• The plot twist in the movie was totally unpredicted - no one saw it coming!
• Her unpredicted decision to quit her job and travel the world left everyone shocked.

adjective showing a lack of good sense or judgment; foolish.

• It would be unwise to make such a hasty decision without considering all the facts.
• It's unwise to skip breakfast if you want to have enough energy for the day.
• Dude, it's totally unwise to mess with that guy, he's got a short temper.
• Choosing to ignore the warning signs is like walking down a dark alley alone at night - completely unwise.

noun a word that represents a person, place, thing, or idea

adjective a word that describes or modifies a noun

article a word that specifies a noun as definite or indefinite (e.g. the, a, an)

• When implementing new policies, it is important to consider the precautionary principle to avoid potential harm to the environment.
• Before trying that new cleaning product, maybe we should think about the precautionary principle and how it could affect our health.
• Dude, let's not take any chances with this new skateboard ramp. We should follow the precautionary principle and make sure it's safe first.
• In life, it's always a good idea to follow the precautionary principle and think before taking risks that could have negative consequences.

noun A grey rhino is a large mammal with thick skin and one or two horns on its nose.

• The grey rhino is a metaphor for a highly probable, high-impact yet neglected threat.
• I heard that the grey rhino is a term used to describe a big and obvious problem that people are ignoring.
• Yo, did you see that grey rhino walking down the street? It's like a huge problem just waiting to happen.
• The grey rhino in the room is the looming economic crisis that no one wants to address.

verb To look at and comprehend the meaning of written or printed matter by interpreting the characters or symbols of which it is composed

• It is important to read across multiple sources before drawing any conclusions.
• Make sure to read across all the reviews before deciding on which restaurant to go to.
• I read across all the gossip on social media to stay updated.
• To truly understand the situation, you need to read across the lines and analyze the underlying meaning.

noun a miss, mile

verb is, as

adjective good

adverb as

article a

• In terms of accuracy, a miss is as good as a mile when it comes to hitting the target.
• I almost made it to the bus stop on time, but you know what they say, a miss is as good as a mile.
• I was this close to winning the game, but hey, a miss is as good as a mile, right?
• She thought she could salvage the situation by apologizing, but unfortunately, a miss is as good as a mile in this case.

noun lip - the edge of a hollow container or an opening

preposition between - indicating the space separating two things

conjunction and - used to connect words or groups of words

• In project management, it is important to be aware that there’s many a slip between cup and lip, so contingency plans should always be in place.
• I know you're excited about the job interview, but remember, there’s many a slip between cup and lip, so don't count your chickens before they hatch.
• Hey, don't get too confident about winning the game yet. There’s many a slip between cup and lip, so stay focused until the final whistle.
• Life is unpredictable, and just when you think everything is going smoothly, there’s many a slip between cup and lip that can change the course of events.

verb to remove or reduce risk or uncertainty

• The company implemented a strategy to derisk its investments in the volatile market.
• We need to derisk our portfolio before the market crashes.
• Let's play it safe and derisk our assets.
• Learning new skills can help derisk your career in the long run.

noun the quality or state of being unpredictable

• The stock market is known for its unpredictability, making it a risky investment.
• I never know what to expect with the weather here, it's so unpredictable.
• Life is full of ups and downs, it's just the way the cookie crumbles.
• Navigating through the unpredictability of life is like sailing through a stormy sea.

noun a person, place, thing, or idea

adjective describing word that modifies a noun

• Scientists are constantly studying the known unknowns in the field of quantum physics.
• We're trying to figure out the known unknowns in this project.
• It's like we're chasing after the known unknowns in this mystery.
• Life is full of known unknowns, like unexpected opportunities waiting to be discovered.

noun a word that represents a person, place, thing, or idea. In this phrase, 'bush' is a noun.

adjective a word that describes or modifies a noun. In this phrase, 'two' is an adjective.

preposition a word that shows the relationship between a noun (or pronoun) and other words in a sentence. In this phrase, 'in' is a preposition.

article a word that is used to specify or limit a noun. In this phrase, 'a' is an article.

• It is wise to appreciate what you have rather than risking it for something better that may not materialize - a bird in the hand is worth two in the bush.
• Hey, don't be too greedy and go chasing after more when you already have something good - remember, a bird in the hand is worth two in the bush.
• Dude, why risk losing what you already have for something uncertain? It's like they say, a bird in the hand is worth two in the bush.
• Sometimes it's better to hold onto what you have rather than taking a risk for something better that may not work out - it's like the saying goes, a bird in the hand is worth two in the bush.

adjective Accident-prone is an adjective that describes a person or thing that is likely to be involved in accidents.

• The employee is accident-prone and has had multiple workplace injuries.
• Be careful around him, he's accident-prone and always bumping into things.
• She's so accident-prone, she's like a walking disaster.
• His clumsiness makes him seem accident-prone in everything he does.