When evaluating risks for strategic planning, prioritize those with the highest impact on long-term goals and immediate operations. Ask: Will this risk disrupt core activities, damage stakeholder trust, or hinder growth? Focus on risks that affect your people, customer experience, and brand reputation. Use data to assess the probability and consequences, but trust your instincts on the human elements—what feels like it could break connections, weaken morale, or slow momentum deserves immediate attention. Great leadership is about managing both the numbers and the pulse of your organization.

Ability to quantify risk is one way to prioritize. Determining risk severity and consequence along pre-determined risk matrix helps the quantification process including impact measurement of proposed mitigations. The aim is to eliminate or reduce one’s risk exposure to acceptable residual levels.

The reference should be your strategic goals. Risks that should be given priority are the ones that may impact those goals through a high value of probability*impact. For that i recommended the usage of a ranking matrix

Al evaluar los riesgos en la planificación estratégica, es fundamental identificar los que requieren atención inmediata. Para hacerlo, se debe analizar el impacto que cada riesgo tendría en nuestros objetivos y considerar su probabilidad de ocurrencia. Además, debemos ser conscientes de la urgencia de cada situación y la capacidad que tenemos para gestionarla. Apoyarse en profesionales expertos en esta área nos da perspectivas valiosas. Por último, establecer un sistema de monitoreo y revisar periódicamente los riesgos ayuda a que nos adaptemos un entorno en constante cambio.