Love it or hate it, risk is a critical part of innovation, and developing new products requires taking significant risks and making big decisions with great uncertainty. But how many people really understand risk - how to define it, how to measure it, and how to manage it? You cant manage what you cant measure, and you cant measure what you cant define. This presentation will help you understand the fundamentals of this elusive concept, at both project and portfolio level, so that you can learn to measure, manage and embrace risk in an R&D environment.