Discussion 1 "Uncertainty and Risks", business and finance homework help

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Business Finance

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Discussion 1

"Uncertainty and Risks " Please respond to the following:

In the video, Michael T. Pich, one of the textbook authors, recommends two approaches for uncertainty and subsequently risks. As companies strive to remain in business, there are many economic, social, and technological unknowns. As a project leader, determine how you would explain Pich’s three classical approaches to your project team.

From the e-Activity, provide an example of a project choosing selectionism and learning. Read each classmate's example and comment on at least two. Each example should be unique.


Discussion 2

"Selectionism and Learning" Please respond to the following:

Reexamining the Circored Project from Chapter 2, explain the cost of Darwinian selectionism.

For this project, explain the benefit of the contingency planning approach

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Explanation & Answer

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Running Head: DISCUSSION 1 AND 2

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Discussion 1 and 2
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DISCUSSION 1 AND 2

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Discussion 1
As a project leader of the organization, the Pich's classical approaches can be
explained to members by first and foremost enabling them to understand the fact that risk is
there. These classical approaches are very important for any manager to be aware of them.
they at times form the basis of any serious decision making process that the company is
willing to undertake. In every business, there is always a risk that will be faced. There are
ways to prevent or stop these risk factors. They should be well analyzed and planned to avoid
any further risks to the business. It can be explained by using clear demonstration, written
charts, and even using experiments (Green, 2013).
All stakeholders should be informed of the risks that the business is likely to face or
ways to mitigate or stop. The presentation will differ from audience to audience. No matter
the type of presentation that will be given, the message has to be passed to the stakeholders. It...


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