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What is Risk? by RAMESH KANDADAI, Principal Consultant, ARM Consultants

What is Risk?

By : RAMESH KANDADAI, Principal Consultant, ARM Consultants
Industry : Management & Strategy Consulting Functional Area : Outsourcing
Keywords :

risk

survey

definition

Activity:  2 comments  153 views  last activity : 07 06 2010 20:18:04 +0000
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A survey was conducted to understand the general perception of what is risk by Dr.David Hillson. His website provides a wealth of papers on the topic of Risk Management. He is an internally recognized authority on the subject.

 

PLEASE CLICK ON THE TRACK-BACK-URL (below) TO DOWNLOAD THE ARTICLE.

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http://www.risk-doctor.com/pdf-files/def0202.pdf
2 comments on "What is Risk?"
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  Commented by  RAMESH KANDADAI, Principal Consultant, ARM Consultants    | 03 11 2010 07:01:53 +0000 
Yes Amish! but most people are not yet used to the idea that in managing projects risk could be positive or negative. A positive risk is an opportunity where as a negative risk damages the project. The survey (hope you downloaded the paper) shows the perception clearly.

I will be posting more articles on this community soon in what i hope is a logical progression. I invite you all to join this community as members and post your collection of articles / insights / thoughts / experiences for all to benefit from. 

Thanks you
  Commented by  Amish Jain, Sr. Consultant, Renewable, PM Dimensions    | 03 11 2010 06:57:32 +0000 
Risk could be anything that 1 is not prepared for and one has not prepared for that event or that thing to happen...."Life it self is the biggest RISK that everyone takes"...but for different people have different definition for RISK....so it could be anything..!
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