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Relating Risk Mitigation to Quantitative Risk

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Why is quantitative risk so important in risk mitigation?

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Solution Summary

This excerpt discusses how different types of contracts impact risk on projects.

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Quantification and categorization of risk are essential in helping a project manager accurately forecast and measure probability. ...

Solution provided by:
Tamara Daniels, MS
Education
  • Master Online Teacher Certificate, University of Illinois
  • MS, National Louis University
  • MA, National Louis University
  • BA, University of Illinois
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