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Reply: Risk vs. uncertainty

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Topic History of : Risk vs. uncertainty

Max. showing the last 6 posts - (Last post first)
6 years 6 months 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!
6 years 6 months 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?

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