As a software project manager, understanding risk and having risk mitigation plans to fall back on is extremely important to me. If someone said to me, "There's a 99% chance that we'll get this software complete by the deadline, but a 1% chance that, if we blow it, we'll lose our funding," I'm going to ask, "Okay, how to we manage that 1% risk? What are the warning signs, what do we do to prevent it, and if we happen to miss the deadline, what can we do so we don't lose our funding?"

Risk is a part of every project, and it must be recognized. Some semblance of an effective risk mitigation plan must exist.

Now, on to the oil crisis in the Gulf of Mexico.

"There's a 99% chance that our oil operation in the Gulf will go off without a hitch, but there's a 1% chance that if something goes catastrophically wrong, we'll fuck up the entire Gulf with thousands of barrels of oil a day spewing out of a hole that could take months to close up, followed by decades of clean-up. It will  severely alter the ecology of the area, and it will affect the livelihood of thousands of residents."

I'm going to ask to see your risk mitigation plan. And if it's not good enough, you're going to make it better.

It looks like there was no risk mitigation plan in the first place.

Nice job, guys. Way to be responsible. No triple bottom line for you, huh?