In risk management, consequences definition refers to the structured description of potential outcomes resulting from a risk event. A clear consequences definition outlines financial, operational, reputational, legal, and safety impacts associated with identified risks. Establishing a consistent consequences definition is essential for accurate risk scoring and prioritisation. It enables organisations to evaluate severity, align with risk appetite, and determine appropriate mitigation strategies. Within governance frameworks, consequences definition supports transparent reporting and defensible decision-making. By standardising consequences definition criteria, organisations improve consistency across risk assessments and executive reporting.