As per the PMBOK guide the term Risk Category refers to "A Group of Potential Causes of Risk".
The whole purpose of Risk Categorization is to systematically identify risks in a consistent manner and organize them so that they can be better managed. It also helps to identify the root causes of these risks in a better way. A Risk Breakdown Structure or RBS is a classic example of this Risk Categorization idea. The RBS splits risks into categories and then splits them further into sub-categories thereby making our lives (The life of a Risk Manager) easier.
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