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Risks and assumptions
Risks are things that one might encounter which may cause the project to go poor poorly and are beyond one's control. While assumptions are factors that we believe to be true without any supporting evidence.
It is very important to know about some of the risks and assumptions that one's project may encounter so that one can take small steps in order to avoid these problems and so that one can plan accordingly.
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Yea, that's true. And we know that there are systematic risk and unsystematic risk as it relates to investments and projects.
Systematic risk refers to the risk inherent to the entire market or market segment. Systematic risk, also known as “undiversifiable risk,” “volatility” or “market risk,” affects the overall market, not just a particular stock or industry.
Unsystematic risk refers to risks that are not shared with a wider market or industry. Unsystematic risks are often specific to an individual company, due to their management, financial obligations, or location. Unlike systematic risks, unsystematic risks can be reduced by diversifying one's investments. -
Yea, that's true. And we know that there are systematic risk and unsystematic risk as it relates to investments and projects.
Systematic risk refers to the risk inherent to the entire market or market segment. Systematic risk, also known as “undiversifiable risk,” “volatility” or “market risk,” affects the overall market, not just a particular stock or industry.
Unsystematic risk refers to risks that are not shared with a wider market or industry. Unsystematic risks are often specific to an individual company, due to their management, financial obligations, or location. Unlike systematic risks, unsystematic risks can be reduced by diversifying one's investments.
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Its prudent to assess project risks, measure their weight and identify mitigation ways.
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you can also develop indicators to track the risks so that you can address them accordingly
