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Which model assumes that demand for the product is constant and known with certainty?
Mean
The average value of a set of numbers, calculated by dividing the sum of the numbers by the count of numbers.
Risk Management
The process of identifying, assessing, and prioritizing risks followed by the application of resources to minimize, control, or eliminate them.
Potential Project Risks
Identified factors that may negatively affect the success or progression of a project.
Risk Mitigation
The process of identifying, analyzing, and taking steps to reduce or eliminate the risks associated with an activity or project.
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