Term Kind Topic What it is
Common-Cause Risk Shared Dependency Risk, Correlated Risk Cluster concept Risk Assessment Methods Several separately scored risks that all fire on the same underlying event, so a register scoring them independently ranks one large loss as a set of medium ones and funds none of them.
Quantified Risk Estimate practice Risk Assessment Methods Expressing a risk as a probability distribution over financial loss rather than as a colour, which makes risks comparable and mitigations arguable on cost.
Risk Assessment Methods practice Risk Assessment Methods Structured ways to identify and prioritise what could go wrong — where the value is the conversation and the ranking, not the number.