Introduction
The major proposed solutions towards controlling project risks are based upon a two-fold outlook framework i.e. the project’s uncertainty and the frequency of changes effective in the project’s lifecycle. Presumably, if a project has a relatively truncated level of uncertainty, a head-on, race-to-the-finish approach is most suitable, as only very little is expected to go wrong in the entirety of the project. The fast approach technique is preferred because it maximizes on the project’s present value, and consequently realizing the remunerations from the project as soon as is possible. Comparatively, established that a project runs an ...
