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Risk in life

Examples of risks in business are as follows. Click on a picture to enlarge:

Building a ship

Breaking the

IT crashes

Ship on fire

These risks are high profile and may have high consequences but probably a reasonably low likelihood of occurrence; we must also consider lower profile events that happen frequently as these events may actually cost us a substantial amount of money over a period of time.

For example reduction of a commercial risk may also result in increase to a safety risk, e.g. change in baggage handling process allows faster turnaround in baggage transfer but exposes the handlers to greater risk from suitcases toppling. The other side to this scenario is that the improvement in terms of financial performance may also have a benefit to the safety risk as well.