Basis of risk management : Risk identification and categorizing.

What is risk 

Risk is a measure of uncertainty. It is an uncertain event that could have a positive or negative effect on your business. A risk is a potential problem that might happen or not. The more uncertain you are about an asset value the riskier it is.​

Risk Categories

Information ​

a) Unknown risk is a risk that can be uncovered after careful evaluation of the project business, and technical environment.​

b) Predictable risks are risks that are extrapolated from past project experience. ​

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c) Unpredictable risks are risks that can and do occur but are extremely difficult to identify in advance. 

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