3 Levels of Uncertainties for Project Risks
LAST UPDATED ON: 26TH AUGUST, 2019
Levels of uncertainties have to do with the assessment of risks based on how much is known about the source and effect of risk. These are often described as knowns, knowns -unknowns, and unknowns-unknowns.
These are items that you know would affect you, and for which you can roughly predict the nature and extent of the effect on your project.
When we are analysing levels of uncertainties for projects, we also have some risks that fall under known-unknown. These are items you know could affect you, although you are not able to predict how or how much they will affect you.
#3 UNKNOWN UNKNOWN
These are items that you know are beyond your ability to foresee, predict, or prepare for. In this case, you did not see those risks coming and you are not able to predict the extent of the damage to the project.
Now your take on this argument.
We would also like to hear what you feel about the topic we discussed today. Your feedback is very important to us. Feel free to drop your comments and recommendations. If you have a contrary opinion, you can drop that too.
You can also join our Facebook Page CRMNigeria for more updates. You can do that by clicking on the link or searching for our page on Facebook.
Click here to Download 5 E-Books that I have taken time to prepared for you.
These E-Books contains formulas that have helped many of my students to nail the PMP Exam. You can also make use of this E-Books. While you are using it if you have questions to ask me concerning the Formulas, feel free to shoot me a mail. I am committed to assisting you to nail your PMP exam. It’s a pledge. You can always count on me as a friend.
PS: For like seven years since I started blogging I have tried many platforms and tools. Some worked and some of them performed below expectation. Here are some of the tools that I will gladly recommend for you any day, any time.
PS: Click on the link below to sign up for my Online E-Course CRM Training. Make sure you confirm your subscription by clicking on the link sent to you. Thanks.
Adeniyi Salau is a Digital Marketer, Project Manager and SEO Expert of repute with about a decade of Blogging and online marketing experience. He is always ready to share his experience with others.