risk-scenarios

Vocabulary Word

Definition

You can think of 'risk-scenarios' like a blueprint for disaster. They're carefully thought-out conditions or situations that could lead to failure or loss. We create these scenarios so we're prepared and can avoid potential problems.

Examples in Different Contexts

In business continuity planning, 'risk scenarios' are crafted to anticipate various types of disruptions to business operations, including technological failures or supply chain breakdowns. A business continuity manager might detail, 'Analyzing risk scenarios enables us to develop robust contingency plans to minimize business interruption.'

Practice Scenarios

Public-Policy

Scenario:

There's been a substantial shift in public opinion on environmental policies. We should revisit our outreach strategy.

Response:

Let's turn to our risk scenarios to guide us through this shift and devise a fitting communication plan.

Aerospace

Scenario:

We're experiencing some delays in our spacecraft's testing phase due to technical issues. We should reassess our mission timeline.

Response:

Good idea. We should examine our risk scenarios and potential solutions to address these delays appropriately.