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Knowledge Areas of the Project Management Body of Knowledge (PMBOK®)

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Knowledge areas of the Project Management Body of Knowledge (PMBOK®) Guide refer to the factors in a project that need to be managed throughout the life of the project.


Definitions:

Portfolio Risk

The degree of uncertainty of returns on a portfolio due to the possibility of changes in the value of its investments.

Well-diversified Portfolio

An investment portfolio constructed to spread risk across various asset classes and investment vehicles to minimize potential losses.

Risk Aversion

The reluctance of a person or entity to take risks.

Expected Returns

The projected return on an investment, taking into account both the probability and the impact of known risks.

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