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Generally,once Risks Have Been Identified and Analyzed,the Project Team Decides

question 42

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Generally,once risks have been identified and analyzed,the project team decides how to handle each risk.


Definitions:

Time Period

A specific duration for which economic data is measured or observations made.

Time-Value

The idea that having money now is more valuable than having the same sum in the future because of the potential to earn more over time.

Discounting

The process of determining the present value of a payment or a stream of payments that is to be received in the future.

Compounding

The process whereby interest is added to the principal sum, so that from that moment on, the interest that has been added also earns interest.

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