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Basic concepts of describing project risk

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1. Search a minimum of two references related to "Effects of Inflation", then write a summary between 200-250 words from your reading. Your contents should include causes of inflation, consequences and control of inflation.

2. Why should sensitivity analysis be considered in engineering economic analysis? And what are examples of variables (or parameters) that can have effect on the NPW of variation? (The answer should be between 150-200 words).

3. What are the methods or basic concepts of describing project risk? Explain the definitions and brief ideas of each method (The answer should be between 150-200 words).

Reference no: EM131043278

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