Question: Risk Management If a project has a 50 percent probability of making $100 and a 50 percent probability of making no money at all, what

Risk Management

If a project has a 50 percent probability of making $100 and a 50 percent probability of making no money at all, what is its expected monetary value?

What does risk mitigation mean? Provide an example of how to mitigate risk in a project

Do you think many organizations use probability/impact matrixes? When does it make sense to use this tool?

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