What does the level of "uncertainty" have to do with risk? If a risk, no longer has a level of uncertainty, is it still a risk - why or why not?

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Lucian Valencia

Computers & Technology

11 January, 07:06

What does the level of "uncertainty" have to do with risk? If a risk, no longer has a level of uncertainty, is it still a risk - why or why not?

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Maximilian Archer · Answer 1

Answer: Risk is defined as the situation that has the probability of losing of something or its essence which cannot be controlled. Uncertainty is the term associated with the risk because it defines about the unpredictability of the result than can occur in any situation.

If the uncertainty is not present in the risk, the risk is still impact-oriented because risk itself is the property that is persist the chances of loss even when any other factor is not related with it, It can occur even when risk management is being implemented because it varies for every situation.