Decision-making under certainty-decision-making under risk

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Question

As a project manager, define what the term of risk management means to you?

Define what is meant by the terms: 1) decision-making under certainty, 2) decision-making under risk, and 3) decision-making under uncertainty. From a project manager's perspective, give an example of each.

I am 70 years old and in upper-management. This "project management stuff" is new to me. As a new and up-coming project manager, explain how to use "lessons learned" as it applies to project risk management?

Reference no: EM133781837

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