Cash inflow and outflow factors, along with project life, were modeled as discrete and continuous random...

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Economics

Cash inflow and outflow factors, along with project life, weremodeled as discrete and continuous random variable. In youropinion, how do you think risk can best be managed or controlled?Is there a method we have not discussed that you find moreeffective/beneficial? Please explain.

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There are 5 ways to manage riskacceptanceavoidancetransference mitigation exploitationAccepting risk is a good strategyfor small risks Accept risk and take no action for small risks Avoiding risk is a good strategy when risk has a large impact on the businessAs for eg arranging a training course in the month See Answer

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Cash inflow and outflow factors, along with project life, were modeled as discrete and continuous random...

80.2K

Verified Solution

Question

Economics

Cash inflow and outflow factors, along with project life, weremodeled as discrete and continuous random variable. In youropinion, how do you think risk can best be managed or controlled?Is there a method we have not discussed that you find moreeffective/beneficial? Please explain.

Answer & Explanation Solved by verified expert

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