key terms
Calculated risk - The probability of a negative event occurring-can also involve numbers
Downsides - The disadvantages of a course of action, including what can go wrong
Upsides - The advantages of a course of action, including what can go right
Contingency plan - back up plan for if things go wrong
Downsides - The disadvantages of a course of action, including what can go wrong
Upsides - The advantages of a course of action, including what can go right
Contingency plan - back up plan for if things go wrong