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Risk And Uncertainty Essays

A Rational Approach to Managerial Decision

In the realm of management decision-making, three abstracts and three key articles are explored to show a rational approach. Luan, Reb, and Gemigenser’s (2019) work provides result-oriented insights about the use of fast-and-frugal heuristics, especially the D-inference heuristic, in unfavourable environments. Specific and adaptive strategies are stressed, which draws attention to various tactics for different ... Read More
Pages: 8       Words: 2150

Contemporary Challenges in Project Management

Abstract Modern project management is plagued with difficulties that need a multidimensional grasp of linkages and their cumulative influence. This article dives into Planning Fallacy, Stakeholder Management, and Risk and Uncertainty Management, unraveling their complicated interaction and the ramifications for project results. Because of optimism bias, the Planning Fallacy interrupts project planning, resulting in delays, ... Read More
Pages: 15       Words: 4048
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