Overview#

Risk is a measure of the extent to which an entity is threatened by a potential by an Unfortunate event, and typically is a function of:
  • the adverse impact that would arise if the circumstance or event occurs
  • the likelihood of occurrence

In everyday usage, Risk is often used synonymously with the probability of a known loss. Paradoxically, a probable loss can be uncertain and relative in an individual event while having a certainty in the aggregate of multiple events.

Types of Risk#

More Information#

There might be more information for this subject on one of the following:
  • [#1] - Risk - based on information obtained 2013

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« This page (revision-7) was last changed on 13-Apr-2017 14:08 by jim