This article contests the U.S. military’s current risk framework and provides an initial vector for how to consider risk in strategic competition. In doing so I also dismantle the U.S. military’s nascent risk “actions:” accept, avoid, reduce, and transfer. Using systems theory as a foundation, I illustrate how risk cannot be created or destroyed but can be accepted in its current state or transferred to another state. Finally, I recommend two revisions to the way the U.S. military measures risk to better derive clarity for commanders: increasing the precision of measurements and expanding the temporal scope to better assess cumulative risks.