riskler

Riskler is the Turkish plural of risk, meaning “risks.” In risk management, a risk is the probability of an event and its potential impact, and risk management aims to reduce negative outcomes while recognizing that some risks may present opportunities as well. Risks may be negative threats or positive opportunities; in practice, the emphasis is on understanding exposure to loss, disruption, or harm.

Risks are commonly categorized by domain. Business risks include financial, market, credit, and liquidity risks; operational risks cover processes, technology, human factors, and supply chains; strategic risks relate to long-term plans and the external environment; compliance and legal risks arise from regulations; and environmental, safety, and reputation risks concern external and stakeholder impacts.

The standard risk management process includes five core steps: identify risks, assess and prioritize them, determine and implement treatment options, monitor residual risk and effectiveness, and communicate with stakeholders. Identification draws on audits, incident reports, workshops, data analysis, and scenario thinking. Assessment uses qualitative methods, such as risk matrices, and quantitative methods, such as probabilistic models, to estimate likelihood and consequence. Treatment options include avoidance, reduction, transfer, and acceptance. Residual risk is the level that remains after actions are taken. Monitoring ensures changes are detected and plans updated.

Several frameworks guide risk management, notably ISO 31000 and the COSO Enterprise Risk Management model. Good practice emphasizes governance, accountability, and a risk-aware culture, with clear risk ownership and an explicit risk appetite approved by leadership.

See also: risk management, risk assessment, risk register, contingency planning.