The Differences between Risk and Danger are given here. It is common to confuse risk with danger, since they are terms that we use frequently as synonyms, however, they are totally different.
Risk is a measure of the magnitude of the damage in the face of a potentially dangerous situation. It is a value that is measured assuming vulnerability to a type of hazard. It must be distinguished from the terms dangerousness and vulnerability.
This term is also used to speak of the occurrence of injury or damage to units, organizations, people, and entities. When they are more vulnerable, the greater the risk.
There are proposals that measure the risk that fixes it according to the dangerousness being this “P” and the vulnerability as “V”. A level of vulnerability is set based on stable conditions and then dangerousness as a probability of the occurrence of an unfavorable situation. When both values are high, the greater the risk.
If you want to reduce risk, you can reduce dangerousness and vulnerability.
Some types of risks are:
- Strategic risk.
- Occupational hazard.
- Accident risk.
- Pathological risk.
- Health risk.
- Geological risk.
- Seismic risk: Earthquakes, tsunamis, and volcanic eruptions.
- Financial risk.
- Credit risk.
- Liquidity risk
- Market risk.
- Operational risk.
- Relational Risk.
- Biological risk.
This word comes from the Latin pericŭlum, it is a situation that causes a level of threat to life, environment, health, or property. It is the viability of the occurrence of a harmful incident. It is an event apt to create damage.
A danger can be real when it exists now and is potential when it does not exist but it can exist in the medium, short and long term.
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Differences between Risk and Danger
- Risk is a measure of the magnitude of the damage that can be generated in a dangerous situation.
- Hazard is the theoretical probability of harm versus increased vulnerability and risk.