Resolving Risk

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Synonyms:
Resolve Uncertainty

Resolving Risk – Reducing the underlying uncertainty to an acceptable level. Rarely can all uncertainty be eliminated and sometimes product developers cannot reduce uncertainty, as in the case of competitor activity. If the organization accepts the risk, then it has resolved the risk.

Example: Based on our market research we are confident the customer is willing to pay at least $100. We accept this uncertainty as resolved.

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