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Tejas
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In the management of risk, what is the distinction between risk and uncertainty? Thanks.. (...) Read more? Sign up for free
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Balachandran Nair, Bank Official, India
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Risk versus Uncertainty
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.
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Hisham Albuolayan, Analyst, Saudi Arabia
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Risk versus Uncertainty
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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Sandris, Latvia
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Risk, Uncertainty, Reality, Loss and Probability
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?
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Nelson Hernandez Manso
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Risk Versus Uncertainty
Risk can be an opportunity or a threat.
We can pu (...)
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Mark Scherling, Business Consultant, Canada
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Risk is an Identified Uncertainty
Risk is an identified uncertainty that we consider (...)
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Raj Kumar, Management Consultant, India
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Risk and Uncertainty
Risk is uncertainty that matters.
This means that (...)
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oscar piedra, Financial Consultant, Afghanistan
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Differences Between Risk and Uncertainty
Some economists like Keynes and Knight thought and (...)
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Barbara Dickerson, Manager, United States
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What is the Distinction Between Risk and Uncertainty
To quote a CE course that I have just taken: "Risk (...)
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Khalil Shahriari PMP, Management Consultant, Iran
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1st Law of Risk Management
The first law of risk management is that risk is u (...)
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More on Credit Risk Management and RAROC
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Special Interest Group Leader
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