Determining the likelihood of occurrence on projects
Question: What determines the likelihood of occurrence on projects? What gives a risk high priority status and how can a contingency plan safeguard against threats?
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My objective definition: how will I quantify the savings or benefits from completing the project. How much will it cost, hours material, methods, etc.
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What determines the likelihood of occurrence on projects? What gives a risk high priority status and how can a contingency plan safeguard against threats?
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