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TOPIC: Risk vs. uncertainty

Risk vs. uncertainty 5 years 3 weeks ago #11778

  • Anil Gidwani
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Is there an official PMI definition of uncertainty? Is there a difference between risk and uncertainty? Or is uncertainty related to the probability of a risk occurring?

Risk vs. uncertainty 5 years 3 weeks ago #11806

  • Aung Sint
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Dear Anil,

I suggest you check PMI lexicon terms (downloadable from PMI website if you are a PMI member). According to the PMI lexicon terms, the definition of risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives.

Good luck with your exam preparation!
Best regards,
Aung K. Sint, PMP
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