kokonaisriskiksi

Kokonaisriski is a Finnish term that translates to "overall risk" or "total risk." It is used in various contexts to describe the aggregate level of potential danger, loss, or uncertainty associated with a particular activity, project, decision, or situation. The concept emphasizes considering all relevant factors and their interdependencies rather than focusing on individual risks in isolation.

In business and finance, kokonaisriski refers to the combined impact of all types of risks a company faces, such as market risk, credit risk, operational risk, and strategic risk. Managing kokonaisriski involves identifying, assessing, and mitigating these various risk elements to protect the organization's assets, reputation, and long-term viability. It often involves a holistic approach to risk management, aiming for a balanced risk-reward profile.

In project management, kokonaisriski encompasses all potential issues that could jeopardize a project's success, including schedule delays, budget overruns, technical challenges, and stakeholder dissatisfaction. A comprehensive risk assessment for a project will consider the likelihood and impact of each individual risk, as well as how these risks might interact and amplify each other, leading to an overall assessment of the project's risk exposure.

The principle of kokonaisriski encourages a comprehensive and integrated view of potential negative outcomes. It is a reminder that understanding and managing risks effectively requires looking beyond single issues to grasp the full scope of potential challenges and their combined effect. This broader perspective is crucial for making informed decisions and developing robust strategies.