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What is the zone of uncertainty, and how does it affect project and portfolio management? In...

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Operations Management

What is the zone of uncertainty, and how does it affect projectand portfolio management? In what ways can project and portfoliomanagers mitigate the risk implied in the zone of uncertainty? Ifpossible, illustrate your explanation using a specific businessscenario.

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The zone or uncertainity refers to the gaps that exist between the fields within the status of the interpreters knowledge and social space This refers to the lack of expertise knowledge estimation or accuracy about any product event or process that would eventually lead to losses and risks in the organisation to impact the operations This zone of uncertainity affects the project management as youll face the lack of knowledge or information between the    See Answer
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