Risk Definition : Doubt

blackjack21
Good Student
Posts: 20
Joined: Thu May 03, 2012 9:56 pm

Risk Definition : Doubt

Postby blackjack21 » Fri Jun 01, 2012 10:48 am

Hi

"future conditions or circumstances that exist outside of the control of the project team that will have an adverse impact on the project if they occur"---Can this be defined as "risk" ?

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abhishek.chaudhari
Posts: 8
Joined: Tue Jul 17, 2012 11:13 am

Re: Risk Definition : Doubt

Postby abhishek.chaudhari » Tue Jul 17, 2012 11:16 am

i think it is a kind of uncertainty. Because i always think risk when the outcome is random but the probability distribution is known or can be estimated or approximated.it is such that u dnt knw the variables which are impacting the project so it is uncertainty rather than risk (a lot of material thinks that risk and uncertainty is same)


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