https://Rustaceans.rs -- Cloud Monk Losang Jinpa, Ph.D., MCSE / MCT, https://CloudRust.rs, Full Stack Cloud Native Rust DevOps Engineer - Rust Everywhere

Shorter definition: Being smart about taking chances

Long definition: “The identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events.”

Fair Use Source:

• The Failure of Risk Management - Why It's Broken and How to Fix It, 1st Edition, by Douglas W. Hubbard