Answer to Question #206519 in Management for KAM

Question

SUBJECT : PROJECT PLANNING AND CONTROL

1. explain in detail the concept of risk and uncertainty analysis for new enterprise ?

Answer 1

In finance, the concept of risk is prevalent—the risk concept analyses likelihood uncertainties to ensure that the future results are in line with the expected results. A new enterprise that has entered a competitive market is unsure of what demand will be in the future for its survival. For a new enterprise, if the risk is low, then uncertainty is less, and if the uncertainty is higher the risk, the new enterprise will face. The concept of risk and uncertainty helps new enterprises to prepare risk management programs to counter effectively the risks that may arise in the near or far future.