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TOPIC: Variability risk Vs Ambiguity risk

Variability risk Vs Ambiguity risk 1 week 3 days ago #16177

  • Ximena Laveglia
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Hi,

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!!

Ximena.

Variability risk Vs Ambiguity risk 5 days 13 hours 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:
LINK

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)
Toronto-based project manager, currently engaging in paperless transformation projects for utilities companies

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