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Q: What is the difference between a known and unknown risk?
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Difference between known risk and predictable risk?

Known Risks :- • That can be uncovered after careful evaluation of the project plan, the business, and technical environment in which the product is being developed • Example : Unrealistic delivery rate Predictable Risks :- • Extrapolated from past project experience • Example : Staff turnover


What is the difference between risk and exposure?

An exposure consist of the potential financial effect of an event multiplied by its probability of occurrence and risk is with probability of occurrence. Thus an exposure is a risk times its financial consequences.


What is the difference between an efficient portfolio and the optimal portfolio?

The difference is that an efficient portfolio is one that offers the lowest risk for the greatest return or vice versa. An optimal portfolio is one that is preferred by investors because it is tailored specifically to the individual's risk preferences.


What is the difference between high risk and low risk?

the difference is that all high risk foods come under animal fat which comes under dairy products then which practically becomes fast food.. and also high risk food is food with sugar and butter and animal fat and any thing to do with meat.And low risk foods are foods like flour, coke, fruits, oils, grains, and many more.


What is the major difference between non modifiable and modifiable risk factors?

Non modifiable risk factors are things you cannot control such as age, race and family history. Modifiable risk factors on the other hand are things you can control such as weight, physical inactivity and smoking.

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What is Difference between wholesaler and retailer on the basis risk?

what is Difference between wholesaler and retailer on the basis risk?


What are known risks in project management?

Known Risks are those risks where the Risk is Clear and there is no unknown information about the risk. In other words No Uncertainty Exists


What are known unknown risks in project management?

Known Unknowns are those risks where we are well aware of the risk but we do not know when it will occur or what the impact will be. For ex: When we buy a car, we know that it needs to be serviced regularly otherwise it will breakdown. This is a known risk. Just exactly when the car will breakdown is the unknown part of this risk. Isn't it?


What is difference between constraint an risk?

A constraint is a limitation that is visible and present. The difference between a constraint and risk is that a risk is problem that is not yet seen, or a potential problem.


What are the difference between political risk and country risk?

they are the same


What is the difference between risk behavior and risk situation?

idl


What is the difference between transaction risk and economic risk?

Transaction is bank risk


What is the risk of getting pregnant of a half uncle?

There is no difference whether you are related or not. The risk is the same even if it's brother or a unknown man.


What is the difference between a risk and a benefit?

a risk is taking a chance and a benefit is benfiting from it


What are the different types of risks?

Types of Risk:Risks can be classified as follows:1. Business Risks2. Pure Risk3. Known Risks4. Known Unknown Risks5. Unknown Unknown Risks6. Risk Classification based on Impact to the Project Objectives


What is the difference in risk assumed between participating and non-participating policies?

What risk? Assumed by who?


What is the difference between mitigation and remediation?

Reduce the impact of risk is MitigationRemoval of risk is Remediation