There are three (3) schools of thought regarding risk. The first
considers the positive and negative aspects of risk, but sees them
as separate. The second group believes that there are benefits from
treating threats and opportunities together, while the third school
does not label uncertainties, but addresses uncertainty as part of
“doing the job.” Argue the value of having a risk strategy despite
the cost associated with it. Include an example to support your
response. Provide a rationale for your selection and determine how
this approach helps a project to be successful.
Field of study:
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