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Project Selection and Effects on Risk

1. Write a 1-2 page paper identifying the ways in which project selection affects risk.

2. Explain how these risks can be reduced.

424 words, 2 references

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Identify the ways in which project selection affects risk

1. Write a 1-2 page paper identifying the ways in which project selection affects risk.

2. Explain how these risks can be reduced.
There are many ways in which project selection affects risk. First, a project with a short deadline runs the risk of time overrun. The risk is that the project does not get completed on time. The risk can be reduced by either asking for more time and getting it or increasing the human resource allotted to the project. Second, a project with a tight budget runs the risk of not getting completed. The risk is that of budget overrun. This risk can be reduced by asking for additional budget. The request must be accompanied by a detailed budget and an analysis that the budget allocation ...

Solution Summary

project selection is discussed very comprehensively in this explanation..

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