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TOPIC: Variability risk Vs Ambiguity risk

Variability risk Vs Ambiguity risk 2 months 2 weeks ago #16177

  • Ximena Laveglia
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I 'm having a hard time understanding the difference between variability risk and ambiguity risk. Can you please explain these two concepts with examples if possible?

Thank you!!


Variability risk Vs Ambiguity risk 2 months 2 weeks ago #16235

  • Joe Pang
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Hi Ximena,

I strongly suggest reading this PMI article about risks, it does a good job explaining various types of risks:

In essence:
Variability risk: There is a set number of possible outcomes but we don’t know which one will actually occur.
(ex. The number of errors found during testing may be higher or lower than expected)

Ambiguity risk: Come from uncertainties arising from lack of knowledge or understanding.
(ex. New disruptive technologies or market conditions)
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