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Risk Versus Uncertainty
Tejas, Member
In the management of risk, what is the distinction between risk and uncertainty? Thanks.....
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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 probabi...
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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....
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Risk Versus Uncertainty
Nelson Hernandez Manso Risk can be an opportunity or a threat.
We can put 3% more money for the threat of change the supplier.
We will watch the opportunity...
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Risk is an Identified Uncertainty
Mark Scherling, Business Consultant, Canada, Member Risk is an identified uncertainty that we consider in planning. Typically we are unsure about the scope or probability that a risk will occur. ...
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Risk and Uncertainty
Raj Kumar, Management Consultant, India, Member Risk is uncertainty that matters.
This means that all that is uncertain is not risk. However, when a firm thinks the uncertainty might imp...
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Differences Between Risk and Uncertainty
oscar piedra, Financial Consultant, Afghanistan, Member Some economists like Keynes and Knight thought and wrote about the distinction betweeen risk and uncertainty:
- In the case of risk, proba...
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1st Law of Risk Management
Khalil Shahriari PMP, Management Consultant, Iran, Member The first law of risk management is that risk is uncertain.
A risk is something in the future that might or might not occur. Risks do not yet exi...
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