More on the risk matrix
Musings on Project Management
DECEMBER 10, 2016
In 1711 Abraham De Moivre came up with the mathematical definition of risk as: The Risk of losing any sum is the reverse of Expectation; and the true measure of it is, the product of the Sum adventured multiplied by the Probability of the Loss. Abraham de Moivre, De Mensura Sortis, 1711 in the Ph. Trans. of the Royal Society I copied this quote from a well argued posting by Matthew.
163 
Let's personalize your content