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Ways to Mitigate Risks to Business Inputs and Outputs

Risk is a broad term that can apply to many situations. For this article, we are talking about ways to mitigate business risks to inputs and outputs. Contract employment Use contract employees to scale up/scale down employment needs.  The potential downside is having to train temporary employees. Use contract employees that allow for exit if …

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What is Project Flexibility and Where Can I Find It?

The idea of project flexibility is conceptually desirable and accepted in both corporate strategy and in the design decisions that go into product development.  The problem is that it has generally been difficult to quantify the value associated with flexibility, and therefore difficult to justify. Developing products and services always involves unknowns.  Uncertainty in market …

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