Risk vs. Reward

Kiken [危険] Tai [対] Hōbi [褒美]

The whole (holistic) is the sum of its parts. The parts rely on each other to function thus creating the whole. This is the function of the great tai chi (yin/yang).

Risk analysis, two types, the type you do before you go on a mission and the type you do during the mission. 

Going on a mission involves planning and risk analysis of in-depth nature. 

During the mission is an ongoing quick risk analysis (on the fly) of situations in the environment that allow you to adjust your mission accordingly.

Risk Analysis

Kiken [危険] Bunseki [分析]

Risk analysis is a technique used to identify and assess factors that may jeopardize the success of achieving an objective or goal. Also to define preventive/protective measures to reduce the probability of these factors from occurring and identify countermeasures/defenses to successfully deal with these constraints when they develop to avert possible negative effects (violence grave harm/death) on the effectiveness of the mission.

Risk Management 

Kiken [危険] Kanri [管理]

Risk management is the identification and  evaluation of risks followed by coordinated application of methodologies to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.

Risks can come from various sources including deliberate attacks from an adversary, or events of uncertain or unpredictable root-cause.

There are two types of events we stay frosty for, i.e. negative events that can be classified as risks while positive events that  are classified as opportunities. Negative events are those events that are abnormal for the environment, etc.

What this boils down to is this, is the reward worth the risks? Do this analysis before taking the risk. If the decision is to take the risk then on the fly risk analysis 🧐 must be applied because as with any risk(s), the dynamics are subject to changes at any moment in time, but at least your plans include appropriate actions to take, if necessary, and that’s a good thing.