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RISK MANAGEMENT IN PROJECTS - utu

RISK MANAGEMENT IN PROJECTSP roject MANAGEMENT and Leadership 2016D, PhD, PMPUNCERTAINTYa. The state of not being definitely known or perfectly clearALEATORYUNCERTAINTY objectiveandirreducibleuncertaintyaboutf utureoccurrencesthatisduetoinherentstoch asticityinphysicalorbiologicalsystems;EP ISTEMICUNCERTAINTY subjectiveandreducible,resultsfromalacko fknowledgeaboutthequantitiesorprocessesi dentifiedwithasystemb. Something not definitely known or #eid(TOBLER & WEBER inGLIMCHER & FEHR 2014, )RISKE ffect of uncertainty on objectives.

RISK Effect of uncertainty on objectives. [An effect is a deviation from the expected —positive and/or negative;objectives can have different aspects (such as financial, health and safety, and environmental goals) and can apply at different levels (such as strategic, organization-wide, project, product and …

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