Risk is the possibility of something bad happening, [1] comprising a level of uncertainty about the effects and implications of an activity, particularly negative and undesirable consequences. [2][3] Harbor sign warning visitors that use of the walkway is "at your own risk"
ISO 31000 is an international standard that provides principles and guidelines for risk management. It outlines a comprehensive approach to identifying, analyzing, evaluating, treating, monitoring and communicating risks across an organization.