Riskiriskeihin

Riskiriskeihin is a Finnish term encountered in risk management discussions. The form combines riski (risk) with a compound element that some use as riskiriski, and uses the illative plural suffix -ihin to indicate “into the risks” or “to the realm of risks.” It is not a universally standardized dictionary entry, but appears in practitioner writing to describe a class of risks that emerge from interactions among individual risks rather than from single, isolated events.

Meaning and scope: Riskiriskeihin refers to second-order or systemic risks that arise from relationships among risks, such as dependencies, cascading effects, feedback loops, and external shocks. The concept emphasizes that risk assessment should account for how risks amplify or mitigate each other, not only their standalone likelihoods and impacts, enabling a broader view of potential harm within a system.

Application: In practice, risk registers and scenario analyses may address riskiriskeihin by linking hazards, vulnerabilities, and controls across functions. Methods such as fault tree analysis, event tree analysis, and stress testing can help reveal cascading risks that might be missed when considering risks in isolation.

Limitations: Because riskiriskeihin is not a universal term, its exact definition can vary by organization or field. Users should refer to the specific source for how the term is being applied. Related concepts include systemic risk, cascading risk, and enterprise risk management.