person centred risk

Risk: A risk is the chance, high or low, that any hazard will actually cause somebody harm. (the likelihood of it happening).

Risk is what may occur or, that which is likely to occur, as a result of a particular incident. Risk is part of everyday life and it exists in every activity undertaken by humanity. However, some risks can be avoided and are not as grave as others. To evaluate a risk, careful consideration is given to its nature and consequences. Risk is calculated relative to the damage an incident causes and the level, size, and extent of exposure to said damage. Hazard is the apparatus that causes the damage or harm, and exposure is the degree, depth, and scope of the risk as influenced by the nature of the source of danger. In other words, risk can be determined by multiplying hazard by exposure (Nemeth,

Importantly, the quality of the risk assessment is dependent on the quality of the information available. Sometimes the client’s situation requires urgent actions, and a complete assessment is not possible (Bland et al., 2009, p. 144).

A risk is the likelihood of a specific consequence occurring with the potential to cause harm.

Beck explains that our society, encapsulated within an era of advanced modernity, is dominated by the pervasiveness of risks. Bell provides an in-depth examination of the relationship and tension between ‘rational’ conceptions of risk and the democracy of knowledge. Rather than a new feature of modern industrial society, Bell argues that the problem of using wording like "risk" represents a modern conceptual language for discussing the age-old problems of uncertainty and control. The modern day thought process in regards to hazards and their risk, is not about the number of hazards we face or the degree of uncertainty but rather the language we use to think and talk about them. Bell titles this as highly rationalistic (p. 238). Bell states

To date there has been a contestation around risk approach. One approach is so called realism. The exponents of realism propose that risk is the outcome of probability

Risks can be personal or business related. Many risks occur on a daily basis and you must overcome them to get a reward. Risks include; -

Also, theorists have identified the complexity in defining ‘risks’ in this assessment. According to Smith (2006), reliant on how her specialists defines risk, at some point these aspects of risks might relate to all young people due to unclear description. Moreover, Prior and Paris (2005) expressed the complexity in associating particular aspects of risks and delinquent

Chapter nine of Reading In Risk examines the risks involved with the amelioration of other risks. Although we are in the safest time period in history as a culture we seem preoccupied with risks and their reduction. Though on the surface this seems like a good thing how do we decide what risks to concentrate on, not all of them will happen. A further consideration to account for is that by using resources we deplete future resources to deal with the shocks that were caused by risks we did not address or novel ones that arose because we displaced the risk instead of reducing the net risk. This is problematic for government agencies because they often disagree on important risk reduction strategies since they are focused on various risks and

Defined by Coopers textbook, risk is the exposure to the consequences of uncertainty and has two elements: the likelihood of something happening that has an impact on the project objectives, and the positive or negative consequences of something impacting the project objectives (Cooper, Grey, Raymond, & Walker, 2005)

A: Risk is a potential issue that may or may not happen if a project or phase of a project is launched or not, it is about taking a proactive approach to an issue that could impact the business in a positive or negative way.

Risk is a situation involving exposure to danger or the possibility that something unpleasant or unwelcome will happen; while perception refers to awareness of something through senses (Oxford dictionary, 2015). The perception of risk is the judgment that people make to characterise and evaluate hazardous activities and technologies (Slovic, 1987). It is very subjective that everyone has different assessment and valuation towards the likelihood of an event happening and its consequences.

There is no single definition of risk. Many insurance authors traditionally have defined risk for uncertainty. A risk is an uncertainty concerning the occurrence of a loss.

Concept of risk, risk assessment, risk management and how uncertainty affects the process will be discussed.

In business, in the word of investment can be defined as the outflow of money for the purchase of valuable item with an expectation of positive future return or the purchase of equipment or inventory by owner in order to improve future business. (Kahraman, 2011) Moreover, the part of decision-making acts a crucial role in business investment that depends upon the investor’s profit expectation, the availability to finance the investment and the potential cost of assets. (Virlics, 2013) However, risk and uncertainty are the basic terms to the decision-making framework. Risk can be defined as the probability of outcomes or loss that is caused by internal or external vulnerabilities where the probabilities of the possible negative occurrence