According to the new international standard ISO 31000:2009 risk
"the effect of uncertainty on objectives".
This definition of risk is wrong!
A goal is a goal is a goal - an imaginary situation in the future, which will be described specifically and with certainty. Uncertainty is uncertainty of the future. One aim will be no effect of uncertainty. Not the goal in the future is uncertain, but the result in the future is uncertain. By the effect of uncertain events in the future.
example
The goal, earned in the calendar year up to 31.12.2011 € 1,000,000 in sales have to be certain. The result, which is earned to 31.12.2011, is uncertain.
risk is an uncertain deviation between the planned for the future goal and the achieved results in the future. Reason for this discrepancy are uncertain and future events that act on the future results with uncertainty. The two sizes of "deviation" and "uncertainty" go together into the notion of risk.
The correct definition of risk
"is the effect of uncertainty in the future results"
need goals as fixed reference points to determine differences in the results from the effect of uncertainty can.
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