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Some projects are full of uncertainties.
© iStockphoto/Sashkinw
Most projects have an element of uncertainty to them. In many cases, you can use well-established risk management practices to deal with this.
However, for cutting-edge projects, or for ones that must adapt to constantly changing conditions, you may not be able to foresee all risks when you start out.
In these situations, you can manage uncertainty instead of trying to manage risk.
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Find out moreDe Meyer, A., Loch, C. and Pich, M. (2002) ‘Managing Project Uncertainty: From Variation to Chaos,’ MIT Sloan Management Review, Winter 2002. (Available here.) [Accessed 1 July 2013.]
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