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Under conditions of certainty, project managers are simply faced with issue to identify the consequences of available options and selecting the outcome with greatest potential benefits. Adverse factors contribute to expose the project stakeholders to uncertainty conditions where the outcomes of options are unpredictable. Although managerial intelligence and competence are widely available, the ability to deal with uncertainty is compared to a walking through a minefield, a single wrong step can lead to a disaster. Introduction of new technologies or new markets are the most common occasions for decisions making under uncertainty...
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