A Risk Always Has Two Results

Risk- when your putting your-self, a friend, a family member, or even a stranger in danger.

* There are three (3) schools of thought regarding risk. The first considers the positive and negative aspects of risk, but sees them as separate. The second group believes that there are benefits from treating threats and opportunities together, while the third school does not label uncertainties, but addresses uncertainty as part of “doing the job.” Argue the value of having a risk strategy despite the cost associated with it. Include an example to support

Risk is defined by the probability of injury, harm, loss or danger. We all take risks every day, and don’t even think about implications.

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)

Risks make life worth living, they can cause people to make the right decision, as well as the wrong. In my opinion, risks are a part of everyday life and everyone takes them. In “A Boy and a Man,” from the book Banner in the Sky by James Ramsey, and “Risks” by Janet Rand, each passage is trying to teach the importance of taking risks. In “A Boy and a Man,” a young boy named Rudi Matt goes climbing and finds a famous mountain climber stuck in a crevasse. Rudi decides to stay and help the man get out of the crevasse. In “Risks,” is teaches the importance of taking risks and how they will help you through life. It also shows how not taking risks will make your life harder. Risks are usually taken to chose a point, to show somebody that you care or you are good enough to whatever it is you are risking. Both, passages share a common theme of risks being a part of life.

Taking risks can be a difficult choice in life. A person doesn’t know where that could lead him/her to. Taking risks is like jumping off a burning building. What that means is that taking risks isn’t just straightforward. It is sometimes necessary to take a chance because it could lead a person to somewhere good.

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

First, it’s better to take risks because you learn from your mistakes. If you take a risk you might have nothing

The problems within the chapter illustrate that we have a tendency towards risk aversion when it pertains to gain while contrarily we become risk seeking when it comes to losses. Even though many of the questions within the chapter were conceptually the same, the contextual framing influenced our decision-making process. Framing can have influential effects on our considerations when we propose solutions. Thus, when we fail to understand that problems can be framed in a variety of ways, we are using imperfect perceptions of probability and it can influence our choices. When one’s focus is only on a particular question, the solution will be based on that framed mindset. While, on the contrary, if a problem can be framed in multiple ways, a truly objective solution can be found.

Learning to set goals and having objectives will take some risk because we do not foresee an immediate outcome for our decisions. This can be a positive risk and or a negative risk depending how we respond to the situation rather than how we react.

For example, taking a risk would be taking hard classes in school. If you take hard classes in school. If you take hard classes in school you could get good grades. You could also get into a good college. Confucius

The word “risk” means the possibility of suffering a harmful event. Risk taking can bring either positive or negative result because anytime we take risks in life, there is a possibility of loss which can cause tension. There are a lot of people who take big risks and appear not to be affected by them. But, many of us feel very uneasy when faced with risk-taking; we may become worried about the risk. Although some people are content in life by just playing it safe and not courting any

Risk can be defined as “The possibility of a (negative) event occurring”. Risk and uncertainty go hand in hand. When you are certain about something that you do then there is less or no risk involved. There is more risk when there is uncertainty about a particular outcome and you still go for it.

Section A 1. What does risk imply? a) Bright future b) Doubt about future c) Worse position d) No future 2. Chance may be defined as: a) A favourable outcome b) A different outcome c) Fluctuating outcome d) Undefined outcome 3. One of the following is not the meaning of Risk – a) Risk as the cause b) Risk as loss c) Risk as the subject d) Risk as the likelihood 4. Chance is _________ Risk a) Same as b) Different from c) Similar to d) Not related to 5. Objective risk is defined as a) Relative variation of actual and expected loss b)

One well accepted description of risk management is the following: risk management is a systematic approach to setting the best course of action under uncertainty by identifying, assessing, understanding, acting on and communicating risk issues. In order to apply risk management effectively, it is vital that a risk management culture be developed. The risk management culture supports the overall vision, mission and objectives of an organization. Limits and boundaries are established and communicated concerning what are acceptable risk practices and outcomes. Since risk management is directed at uncertainty related to future events and outcomes, it is