management of potential risks

Apr 22nd, 2015
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Cognitive dissonance is a term used to refer to the idea that most people find it hard to hold to contradictory ideas or beliefs (spring, 2012). Most embrace ideas/data that reinforces their beliefs and dismiss the information that they perceive to be incorrect. Therefore, Views that are different are often rejected. Risk analysis in project management should embrace divergent ideas. In dealing with data we should be ready to accommodate possibilities and other uncertainties. The idea of self criticism should be embraced together with rational and divergent thinking. All conclusions should be based on hard factual information and mathematical analysis. Successful analysis should depend on: intuition, data (often modeled mathematically) and past experiences.

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MANGEMENT OF POTENTIAL RISKS(Name)(Institution Affiliation)Cognitive dissonance is a term used to refer to the idea that most people find it hard to hold to contradictory ideas or beliefs (spring, 2012). Most embrace ideas/data that reinforces their beliefs and dismiss the information that they perceive to be incorrect. Therefore, Views that are different are often rejected. Risk analysis in project management should embrace divergent ideas. In dealing with data we should be ready to accommodate possibilities and other uncertainties. The idea of self criticism should be embraced together with rational and divergent thinking. All conclusions should be based on hard factual information and mathematical analysis. Successful analysis should depend on: intuition, data (often modeled mathematically) and past experiences.Technology has made it possible for Ideas are sp

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