Risk

Effect of uncertainty on objectives Note 1 to entry: An effect is a deviation from the expected. It can be positive, negative or both, and can address, create or result in opportunities and threats. Note 2 to entry: Objectives can have different aspects and categories, and can be applied at different levels. Note 3 to entry: Risk is usually expressed in terms of risk sources (3.4), potential events (3.5), their consequences (3.6) and their likelihood (3.7).