Question: Read the case study below and answer all the questions in this section. MAKING BETTER DECISIONS ABOUT THE RISKS OF CAPITAL PROJECTS Never is the

Read the case study below and answer all the questions in this section. MAKING BETTER DECISIONS ABOUT THE RISKS OF CAPITAL PROJECTS Never is the fear factor higher for managers than when they are making strategic investment decisions on multibilliondollar capital projects. With such high stakes, we have seen many managers prepare elaborate financial models to justify potential projects. But when it comes down to the final decision, especially when hard choices need to be made among multiple opportunities, they resort to less rigorous means- arbitrarily discounting estimates of expected returns, for example, or applying overly broad risk premiums. Provide advice to the consultants in the article on how the project risk management principles may be implemented prudently in order to manage their project risks effectively. Ensure that relevent examples are mentioned to justify your theoretical assertions.

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