Risk Versus Uncertainty

Risk versus Uncertainty
Balachandran Nair, Bank Official, India, Member

In risk management there is a presupposition that an event may probably happen, and this lends itself to assessment. In uncertainty the probability remains zero at the outset.

Risk versus Uncertainty
Hisham Albuolayan, Analyst, Saudi Arabia, Member

For me RISK is an event that can be of negative effect to the organization. While UNCERTAINTY is the consequence of un-assessed risks.

Risk, Uncertainty, Reality, Loss and Probability
Sandris, Latvia, Member

Risk is uncertain. If it is certain this is not a risk. Then it is a reality and we do not speak about risk. We can say then this is a loss. Losses can take place on a daily basis. So, there is no need to make an assumption what kind of risk can occur.
Uncertainty is the probability something will occur. How uncertain is a risk? Or we can also say: what is the probability a particular risk will occur?

Risk Versus Uncertainty
Nelson Hernandez Manso

(...)

Risk is an Identified Uncertainty
Mark Scherling, Business Consultant, Canada, Member

(...)

Risk and Uncertainty
Raj Kumar, Management Consultant, India, Member

(...)

Differences Between Risk and Uncertainty
oscar piedra, Financial Consultant, Afghanistan, Member

(...)

What is the Distinction Between Risk and Uncertainty
Barbara Dickerson, Manager, United States, Member

(...)

1st Law of Risk Management
Khalil Shahriari PMP, Management Consultant, Iran, Member

(...)