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1.
A way of visualizing a certain set of risks, throughtfully drawn from the domain of all possible risks, and how they are associated with any given set of plans or circumstances. Imagined topographically, for instance, risks with a higher elevation would have a greater likelihood of manifesting negative consequences than risks at a lower elevation.
The planners of the Iraq invasion failed to fully describe the riskscape, and plan for all possible contingencies, relying instead on platitudes, such as 'we will be hailed as liberators.'
by Matthew Lake April 23, 2007