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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 probability remains zero at the outset.
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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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