What is difference between effectiveness versus efficiency when assessing risk and risk management?

Answer Effectiveness is following the instruction of a specific job while efficiency is doing the instruction in lesser time and cost. They say Effectiveness is doing what's right and efficiency is doing... Read More »

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What is the difference between business risk&financial risk?

Business and financial risk are two of the main risks in operating a company. While they are interrelated, they are distinct business concepts, one relating to the financial strength of a specific ... Read More »

Difference Between Efficiency & Effectiveness?

Though often used interchangeably, the terms "efficiency" and "effectiveness" do not have the same meaning. Further, though outcomes of efficient and effective performances are both highly desirabl... Read More »

Infection risk - does sweat inside a cloth bandage present a risk?

You aren't wasting your doctor's time. Call him or her.Were you under my care, I would recommend a dressing change.

How Does Business Risk Impact Project Risk?

Conditions are challenging for an organization operating in today's business environment. Such organizations adopt risk-management processes to anticipate and respond to new threats in their operat... Read More »