G. Monahan argues on the notion that risk is the same as uncertainty, by defining risk as anything that produces a distribution of various probabilities for various outcomes . Coso on the other hand, defines uncertainty as that which presents both risk and opptunities, with protentials to erode or enhance value. Risk is the possibility that the occurrence of an event will occur and positively affect the achievement of objective. The author has adopted the Coso definitions in this paper