BREAK EVEN:-

Break-even often proununced like B/E in finance, is the point where nither u are making profit nor loss.

For a futures contract,stocks is the market price of an asset is equal to the original cost.

Specifically cost counting , the break-even point is the point at which cost or expenses and revenue are equal: there
is no net loss

Although oppertunity cost have been gotten and capital has exceeded risk-adjusted amount, expected return. In other words, it´s the point when the total revenue
exceed its sum of all costs, and the business start making money instead of requring . In the constant case the break-even point is equal to the fixed costs divided by
the selling price per unit.

The method of calculating point exclude working cost. The method to calculate is called value added break-even analysis, is used calculate fessibility of project. This
is not for all costs, it sum of OP cost of project.

The risk identification is one of brainstorming, and the usual rules of brainstorming apply:

The full team of project should actively be involved .

Potential rik should be calculated by overall team members.

No suggestion cretisim is not suggested.

Any potential risk recorded, regardless without any restriction that someone evaluated it significant.

All risks should be in documented.

Identify Risks

Risk identification frist prime step, it involves exchange of ideas about project. The identification process must include non-performance by project suppliers, disputes of labour, product

shortage and most important natural disasters.

Analyze Risks

The analyization of up ,mentioned risk is a lengthy process, but it s the base for all other risk mangment. Understand the cause identified risks. This drivers due to lack of tools and un

professional tools .Many software to faselitate this calculation easily.

Prioritize Risk
This is process where to decide that which risk should be given priority which should not be. It is allocation of resources of limited project..risk is given rank according to how
much destation is caused by that.
 Risk transfer:-

Insurance coverage is way of risk transfer..the insurance reduces the loss . It reduces the loss if it occur's.

Monitor Progress
The most important is the proper monitoring of the process it helps a lot in risk reduction.

Uncertainty is the unknown which cannot be calculated.The background information is comptley lost about

A Real-World instance on Risk and Uncertainty

Assuming two famous football teams are consisting of renowned players, and they are going to play a football match the next day.

Can you tell me exactly which team is going to win?

No, you can’t; however, you can make an educated guess by reviewing and analyzing the past performance of each player, the team,
and the results of matches they played against each other.

Then you can come up with some number like there is a 40% chance of Team A or Team B winning, or there is a 70% possibility of
Team A or Team B losing the match.

Now, let us put the same football match in a different scenario.

Let us say again that two football teams are going to play a game, and no players are selected for either team.

In this situation, if somebody asked you which team is going to win, what would be your response?

You will be clueless because you don’t know which team consists of which players, and you have no idea how the teams will perform,
etc.

In this situation, you don’t have any past information, are clueless, and hence cannot predict the outcome of the event, even though the
match, rules, and the stadium is the same.

This situation is called uncertainty.

Difference Between Risk and Uncertainty

The following are a few differences between risk and uncertainty:

 In risk, you can predict the possibility of a future outcome while in uncertainty you cannot predict the possibility of a future outcome.
 Risk can be managed while uncertainty is uncontrollable.
 Risks can be measured and quantified while uncertainty cannot.
 You can assign a probability to risks events, while with uncertainty you can’t.
Conclusion
Risk and uncertainty are different terms, but most people think they are the same and ignore them. Managing risk is easier because you
can identify risks and develop a response plan in advance based on your experience. However, managing uncertainty is very difficult as
previous information is not available, too many parameters are involved, and you cannot predict the outcome.

However, to complete your project successfully, you must be very cautious, proactive, and open-minded to manage risk and
uncertainty.