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Q: In 3 to 5 sentences discuss the typical definition of risk?
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Definition of risk in PMBOK 4th ed?

The official definition of a Risk & Risk Management as per the PMBOK Guide is: A Risk is an uncertain event or condition that if it occurs, has a positive or negative effect on a Project's Objectives.


What is the definition of a risk assessment?

A risk assessment is the process of identifying, evaluating, and prioritizing potential risks to an organization, project, or activity. It involves assessing the likelihood and impact of these risks and developing strategies to mitigate or manage them effectively.


Difference between types of risk and classification of risk?

Types of risk means definition of different types of risk by your own means to facilitate your understanding. Classification of risk means the definition of different types of risk using technical terms to standardize it for the people.


Impact of Risk behavior?

Risk behavior can have negative consequences on individual health and well-being, leading to physical injuries, mental health issues, and increased susceptibility to diseases. It can also have broader societal impacts by contributing to social problems, such as crime, substance abuse, and healthcare costs. Engaging in risk behaviors can impair decision-making abilities and lead to long-term consequences that may affect relationships, work, and overall quality of life.


What the definition of cumulative risk?

the answer is related risks that increase in effect with each added risk.