Explore strategies for managing service reliability through effective risk management in this conference talk from Conf42 SRE 2024. Delve into the importance of setting realistic Service Level Objectives (SLOs), conducting thorough risk analysis, and developing a comprehensive risk catalog. Learn how to rate and prioritize risks, make informed decisions about risk acceptance, and leverage chaos engineering to improve system resilience. Gain valuable insights on balancing reliability goals with practical risk management techniques to enhance overall service performance and stability.