Leadership wants a single red/yellow/green score for every city system without defined likelihood or impact criteria. What should the risk practitioner insist on?
Select an answer to reveal the explanation.
Short Explanation
Traffic-light stickers without a rulebook are decoration. Define what 'likely' and 'bad' mean, and for which systems, before anyone paints red. Otherwise leadership is ranking vibes, not risk.
Full Explanation
Risk assessment requires a defined scope and consistent criteria for estimating likelihood and impact. Color scores without those definitions are not comparable across assets and cannot support governance decisions. Establishing methodology first makes qualitative ratings auditable and repeatable.