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The following assumptions must be met when talking about risk:
related to a possible danger
undesired event
events that happened in the past
probability greater than zero
loss is possible
events that certainly are going to occur
Evaluating risks, sometimes rough estimations have to be made.
Evaluating risks, you don't have to out anything. Completeness is crucial.
Events need only be considered if they affect the target.
The overall risk is defined by the sum of several single risks.
In order to distinguish between risk (known) and uncertainty (unknown), we refer to the following perspectives:
available options (possibilities)
probabilities (likelihoods)
luck or bad luck
consequences
the past or the future
Risks based on corporate action (entrepreneurship) are speculative calculable no( speculative, calculable, no ) risks.
Risks that can be prevented are speculative calculable no( speculative, calculable, no ) risks.
We - or our organization - ❌ a certain amount of risks. That's called "Risk ❌".
Certain risks we take deliberately, ❌ we hope for evolving advantages. That is called "❌".
