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Define the term risk in risk management.
Risk:
It is the probability or chance of something which may or may not arise; this is something that can be quantified by using standard deviation.
Uncertainty:
It is something that cannot be predicted along with statistical confidence, normally because of insufficient information.
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discussthe nine project management knowledge areas
Compare and Contrast the KN346 investment and the "plain vanilla" alternative.
Briefly describe the items you would include in the scope definition document of a project you are about to embark on?
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