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Describe ways that joe can mitigate the risk

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Question - Joe's Cookies is planning to install a new automated assembly line to prepare, cook, and package their very popular line of chocolate chip cookies. Joe's is concerned about the project going over cost-Ace Manufacturing, the company that is designing, constructing, and installing the new equipment, is a fairly new company with an unproven track record. Joe's has chosen Ace to manufacture their assembly line as Ace has promised a more automated process than their competitor with a good warranty program. Describe ways that Joe's can mitigate the risk of going over budget.

Reference no: EM132017872

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