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 probabi...

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 <...

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...

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. ...

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...

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...

What is the Distinction Between Risk and Uncertainty
Barbara Dickerson, Manager, United States, Member
To quote a CE course that I have just taken: "Risk is defined as uncertainty concerning loss. The two key words here are uncertainty and loss. ...

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...