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Building a better turbine

Imagine a world in which half of our electricity is generated renewably by offshore wind farms. Now imagine a powerful hurricane hitting the coast where that farm is located. If developers, engineers and policy makers haven't ...

For its health and yours, keep the cat indoors

At least one running argument among cat lovers is now over: Whiskers, Lucy and Tigger are definitely better off staying indoors, scientists reported Wednesday.

After-school programs improve academic outcomes, study finds

A study of after-school programs in Connecticut led by UConn researchers suggests that students who participate for several years in programs sponsored by 21st Century Community Learning Centers have higher attendance in ...

Pesticide cocktail can harm honey bees

A recently approved pesticide growing in popularity around the world was developed as a "bee safe" product, designed to kill a broad spectrum of insect pests but not harm pollinators.

Boeing cutting production rate of troubled 737 Max jet

Boeing will cut production of its troubled 737 Max airliner this month, underscoring the growing financial risk it faces the longer that its best-selling plane remains grounded after two deadly crashes.

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Risk

Risk is a concept that denotes the precise probability of specific eventualities. Technically, the notion of risk is independent from the notion of value and, as such, eventualities may have both beneficial and adverse consequences. However, in general usage the convention is to focus only on potential negative impact to some characteristic of value that may arise from a future event.

RISK can be defined as “the threat or probability that an action or event will adversely or beneficially affect an organisation's ability to achieve its objectives”[1]. In simple terms risk is ‘Uncertainty of Outcome’, either from pursuing a future positive opportunity, or an existing negative threat in trying to achieve a current objective.

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