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# Risk
## In Common Use
Risk, in common parlance, is the chance that something "bad" will happen.
As such, it is generally understood as a binary, win/loss relationship.
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## In Cost Estimation
The prior model is well suited to project management,
which (being reductive) cares about "why"s,
which (being reductive) cares about why's,
where cost estimation only cares about the bottom line.
It is generally not useful for construction cost estimation.