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Chapter 8 Risk and Responsibility, Insurance, Force Majeure

  A risk is something that may happen and if it does, will have an adverse impact on the project.
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“that may happen” implies a probability of less than 100%, also have a probability something above 0%.
“will have an adverse impact”, if it will not have an adverse impact, it is not a risk.
(if it has a probability of 100%, it is an issue; it must be a chance to happen or it is not a risk.)
uncertainty
8.1

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