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https://www.youtube.com/watch?v=NF36OKabEvs
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Project Risk Analysis
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https://www.youtube.com/watch?v=9lyE3zz71us
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Ud. 10.2.2022
Pub. 11.12.2011
Articles on Management Subjects for Knowledge Revision and Updating by Management Executives ---by Dr. Narayana Rao, Professor (Retd.), NITIE---3.80 MILLION Page Views--- Global Top Blog for Management Theory---Management for Effectiveness, Efficiency and Excellence.
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February 9, 2022
Expected Values and Risk of Project Revenues and Costs
For all business expenditure proposals, revenues and costs are estimated for the future years and hence they are subject to the laws of probability and sometimes one may not know even probabilities.
When probabilities can be assigned objectively or subjectively, expected values and risk measures can be calculated for revenues and expenditures and hence for summary measures like NPV and IRR.
Engineering economic analysis used probability calculations.
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