SOFTWARE PROJECT MANAGEMENT
QUALITY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The effect of uncertainty is called:
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Non Conformance
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Risk
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Effect
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Probability
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Explanation:
Detailed explanation-1: -Risk is the Effect of Uncertainty on Objectives. According to ISO 31000, risk is the effect of uncertainty on objectives.
Detailed explanation-2: -Risk traditionally has been defined in terms of uncertainty. Based on this concept, risk is defined as uncertainty concerning the occurrence of a loss. For example, the risk of being killed in an auto accident is present because uncertainty is present.
Detailed explanation-3: -For example, we all know that scientifically Maharashtra is earthquake prone. But it is uncertain whether the earthquake will hit the region in the next 3 years of 5 years. Since the event itself is uncertain, despite being possible, it is hard to measure the outcomes.
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