Pure risks are also known as static risks. These risks produce neutral or negative outcome and never produce positive gains. The examples are Fire, natural disasters etc. For any queries please contact makarand@pmsoft.com regards Makarand (www.pmsoft.com)
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A form of verification that does not require execution of the software. is called static testing. Ex. Inspecting documents.
what are static RPM ?
Static Evaluation is the Evaluationn between atoms and stress
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
Dynamic risk is subject to exposure of loss due to environmental changes such as change in inflation rate, technology, natural calamities, political upheaval. Static risk is subject to exposure of risk but not significantly affected by the business environment and remain constant such as fire, theft and misappropriation. Dynamic risk is not insurable whereas static risk is insurable.
pure risk is the a situation in which there is a possibility of loss or no loss while speculative risk thereeither profit or loss
I think its classified as either pure risk or speculative risk
One example of static electricity is when you drag your feet across the floor and then shock someone. The shock is the static electricity.
1. Pure Risk situations are those where there is a possibility of loss or no loss. There is no gain to the individual or the organization. WHERE AS Speculative Risks are those where there is a possibility of gain as well as loss. The element of gain is inherent or structured in such a situation. 2. Pure risks are generally insurable while the speculative ones are not. 3. The conceptual framework of the risk pooling can be applied to the pure risks, while in most of the cases of speculative risks where it is not possible. However, there may be some situation where the law of mathematical expectation might be useful. 4. Speculative risk carry some inherent advantages ti the economy or the society at large while pure risks like uninsured catastrophes may be highly damaging. 5. In pure risk, for example - a car meet with an accident or it may not meet with an accident. If the insurance policy is bought for the purpose, then if accident does not occur, there is no gain to the insured. Contrarily, if the accident occurs, the insurance company will indemnify the loss. In speculative risk, for example - if you invest in the stock market, you may either gain or lose on stocks.
Lightning is an example of static electricity
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Static electricity
Static prevention can be effectively implemented to minimize the risk of damage to electronic devices by using anti-static wrist straps, mats, and bags, ensuring proper grounding of equipment, and avoiding static-prone environments. Regularly cleaning and maintaining equipment can also help prevent static buildup.
There is a risk with anti-static measures because they can sometimes generate electrostatic discharges if not properly controlled. This discharge can damage electronic components and disrupt sensitive equipment. It is important to follow proper procedures when implementing anti-static measures to prevent such risks.
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