**1. Definition of risk**

Risk is defined in terms of uncertain events which may have positive or negative effect on the project objectives. Risks include circumstances or situations, the existence or occurrence of which, in all reasonable foresight, results in an adverse impact on any aspect of the implementation of the project. Various definitions of risks are presented in **Table 1**.


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*Perspectives on Risk, Assessment and Management Paradigms*

[1] https://www.mirror.co.uk/news/ world-news/what-happened-nice-whatknow-8425238 [Accessed: 10-07-2018]

[2] https://www.telegraph.co.uk/ news/2016/07/15/analysis-nice-attackshows-frances-acute-vulnerability-to-

terror/[Accessed: 10-07-2018]

[4] Bhopal Information Center.

[5] Report. http://www.unscear. org/docs/reports/2008/11-80076\_ Report\_2008\_Annex\_D.pdf [Accessed:

[3] Spignesi SJ. Catastrophe!: The 100 Greatest Disasters of All Time2004.

Chronology. 2006, http://www.bhopal. com/chronology [Accessed: 10-07-2018]

[6] https://www.iaea.org/newscenter/ news/fukushima-nuclear-accidentupdate-log-47 [Accessed: 10-07-2018]

[7] Williams CA Jr, Smith ML, Young PC. Risk Management and Insurance. New York: McGraw-Hill; 1964. Polish translation: "Zarządzanie ryzykiem a ubezpieczenia", Warszawa: PWN, 2002.

[8] According to the ISO 31000

Philosophical Society. 1980

[10] Różycki M. 2017 "Inertia in Procurement Risk Management" In "Sustainability and Scalability of

A. Chapter 13. Nova Publishing,

Business: Theory and Practice" Jabłoński

[9] Trimmer JD. The present situation in quantum mechanics: A translation of Schrödinger's "cat paradox" paper. Proceedings of the American

**References**

p. 168

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pp. 28-29

Definition

#### *Perspectives on Risk, Assessment and Management Paradigms*


**Table 1.** *Definitions of risk.*
