Question: You are assigned to develop a risk - adjusted budget for a $ 5 million bridge construction project. The sponsor has requested a high -

You are assigned to develop a risk-adjusted budget for a $5 million bridge construction project. The sponsor has requested a high-confidence budget due to site complexity and regulatory delays.
a. According to the discussions and class materials we had in MANGT 850, explain what a risk-adjusted budget means in this context.
b. What are the key components and modeling assumptions that you would include?

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