vault backup: 2025-07-22 16:59:59
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---
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# Risk
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## In Common Use
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Risk, in common parlance, is the chance that something "bad" will happen.
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As such, it is generally understood as a binary, win/loss relationship.
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@@ -18,7 +16,7 @@ and is the sort assumed when using [[risk-registers]].
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## In Cost Estimation
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The prior model is well suited to project management,
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which (being reductive) cares about "why"s,
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which (being reductive) cares about why's,
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where cost estimation only cares about the bottom line.
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It is generally not useful for construction cost estimation.
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