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How does risk differ from uncertainty

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Reference no: EM132415939

Problem:

Risk is inherent in all projects. In other words, all projects have varying levels of risks and uncertainties. As a result, risks and uncertainties must be factored in when developing cost budget.

Required:

  • How does risk differ from uncertainty?
  • What are the differences between positive and negative risks?

Reference no: EM132415939

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