When you look at a likelihood/impact risk matrix, you might notice that “medium” appears twice – once as high-likelihood/low-impact, and once as low-likelihood/high-impact. These two “mediums” aren’t at all the same!

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Jacob Kaplan-Moss

Understanding the two different types of medium risk is crucial. One involves high likelihood but low impact and is great for learning experiences, while the other has low likelihood but high consequence and requires careful management. Communicating these risks clearly and spending time in 'safe' high-learning environments can vastly improve risk management practices in various settings.

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