Risk vs Uncertainty --- Business Perspective
Risk vs Uncertainty Risk and uncertainty are two similar words that are being used interchangeably since long in our day to day life. But what is the difference between them? Are these two words different from each other or they are different words with the same meaning? Don't worry! These questions which have been puzzling and confusing people are going to be answered here. And you will no longer be baffled in their appropriate usage. The only similarity between them is that these words refer to an experience in the future but they are different in their interpretation. You might have come across these terms in your Project Management, Finance, Economics or even in your Health classes but you were not sure about the difference and that is what brought you here!! So let’s see in detail how they are different from each other and how they can be used properly. Definitions Risk Let’s look into the meaning of risk and look at all of its possible usages. According to the Ox