Historical Term - Risk Management Assignment -

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Question - Write about the historical term of the term and its pioneers the following terms (risk management, risk, project management, knowledge project management, and risk assessment) so that the beginning of the beginning of the term is written from how many years and names and pioneers who have written about the term since the beginning.

Answer - Historical Terms

Introduction

Through this essay, we would be discussing the historical significance of the terms that have been used in the cases. We would be in depth evaluating the first coined terms of the such as the risk management, risk and even the project management along with the knowledge project management, and the in-depth understanding of the risk assessment (Kelly, 2011).

Risk management

The term of the "risk Management" originally preliminary due to the term widely used for the risk. It was when the word "Risk" was originated started coming to the other terms such as the "risk management", The meaning of the risk management is to decide proactively and to be able to act and also be able to build on the events which would be guarded against that can help to evaluate and avoid double counting or related to any incidence of the missing of risks.

Source (Pecorini, 2016)

The prime role of the risk managers would have to could and to understand how significantly it can bring out the uncertainty and complexity that can also be managed. It is also an elevated term upon the model-based scenario analysis that can help to identify in terms of the least attractive outcomes. It would also be able to create a huge computational requirement. The origin of the risk management came from after the risk was able to evaluate with the dataflow computing that can be contextually be required to deal and to determine it to be most challenging yet informative which can help to evaluate with the modeling situations.

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There is also a risk and uncertainty that would also be interpreted as per the dynamic response that can also link with the risk link actions along with the inbuild choices that can also generate with the outcomes in relation to the uncertain events (Pecorini, 2016)

Risk -

The term of the word Risk (etymology) came to from the origin of the understanding of the worlds that had a similar context in the different language such as in the English it was used as a word risk, but in the other language the words used were the risico, risco or even the rischio (in Italian) along with the riesgo (in Spanish) and finally the word risque (in French) and risco (in Portuguese), that can be derived from the contextual meaning of the Latin words resicum, risicum or the similar words such as the riscus that means the edge of the cliff or reef.

Source (Pecorini, 2016)

In here the risk would also be traced with the origins and can be determined with too many origins. It has a classical Greek meaning that is called as root, stone or emphasizes on the cut from firm land.

By understanding with the other language, the word Latin means the resicum, riscus.

Similarly, in the Italian language, it would mean as a risico, risco, rischio

Lastly, in the Spanish language, It would also mean as a Riesgo.

In the denotion to the French: risque. it would mean how there can be an edge like situation

Form the historical understanding the word has evolved to the meaning of the risk that can help to understand the deviation related to the optimum solution or process, along with the understanding in terms of the expected loss.

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Project management -

The word origin comes after a short history that was associated with the given projects and it would also determine as to what can be learned and to prove it as to why. It also has a different and the background that can help to determine it with the project management that can determine it as an experience that originated with the given projects. It was during eh face in the information technology that has attributed to the underlying core challenges that have drawn a similar context and the meaning of the project management, It was more understanding how to remain focused on handling of the management and to overcome the challenges, that lead to the words knowledge of the project management. It is also determining how it can go on to the project experience on account of the history of civilization. It is was under this point that the dotted line of the origin had ben inbuilt with the software developers that have related to the today context of the builders of the Egyptian pyramids not to be related to the architects with respect to the Roman aqueducts. It was in response to the respective eras along with the similar contexts that have originated with the project managers that have also paid a similar role along with the applying technology in terms of the relevant problems of the times (Johnson, 2002).

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Knowledge project management -

The knowledge project management arose when there was a key requirement to make the people understand the meaning of the web and of the software development projects. It was also used in the relation of the management that can be applied to the relation of the paying attention and with the given timeline of the origin that existed with the people originating from the past. It comes from the word of the technology dependent on the history of engineering projects which would also be related to the most projects which would hold similar similarities (Taylor, 2013).. It originated when there was a project like the Hubble Space Telescope and during the time when the Boeing 777 was conducted, that have originated with the requirements, designs, along with the key constraints. It was all dependent on the communication along with the origin and with the inside of the decision making, along with the in-depth discussion and the combinations of creative and also be built with the logical thought.

Risk assessment -

The origin of the word Risk assessment originated when the significance of the word "Risk" came up. it was also coined as a measurement term that can help to determine with the core relations to the existing world. It was a meaning that held how important it would be associated with the risk measurement and the true assessment after varying the fair degree of the uncertainty and the value (Babbitt, 2014).

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