1. Introduction
Risk is defined as an event that has a probability of occurring, and could have either a positive or negative impact
to a project should that risk occur. A risk may have one or more causes and, if it occurs, one or more impacts
(www.phe.gov). The concept of risk is manageable due to the phenomenon of constantly being analyzed by
investors, and development tools for hedging evil is constantly monitored studies. Risk management is a rapidly
developing discipline and there are many and varied views and descriptions of what risk management involves, how
it should be conducted and what it is for (www.theirm.org).