Risk Versus Uncertainty

      
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		            		Tejas

Risk Versus Uncertainty

	          		In the management of risk, what is the distinction between risk and uncertainty? Thanks..
				      
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						            	Balachandran Nair
Bank Official, India
												
				                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
												
				                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.
				                
										              2

						            	Sandris, Latvia
												
				                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?
				                
										              0

						            	Nelson Hernandez Manso, Spain
												
				                Risk Versus Uncertainty

													Risk can be an opportunity or a threat.
We can put 3% more money for the threat of change the suppl... Sign up
				              
										              2

						            	Mark Scherling, Canada
												
				                Risk is an Identified Uncertainty

													Risk is an identified uncertainty that we consider in planning. Typically we are unsure about the sc... Sign up
				              
										              0

						            	Raj Kumar
Management Consultant, India
												
				                Risk and Uncertainty

													Risk is uncertainty that matters.
This means that all that is uncertain is not risk. However, when ... Sign up
				              
										              4

						            	oscar piedra
Financial Consultant, Afghanistan
												
				                Differences Between Risk and Uncertainty

													Some economists like Keynes and Knight thought and wrote about the distinction betweeen risk and unc... Sign up
				              
										              1

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

													To quote a CE course that I have just taken: "Risk is defined as uncertainty concerning loss. The tw... Sign up
				              
										              3

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

													The first law of risk management is that risk is uncertain.
A risk is something in the future that ... Sign up
				              
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