Risk Perception

1) From its risk perception, how can you make sense of the way a company manages projects? (i.e., the link between risk perception and PM).

2) Share an example (preferably from workplace or life situations) in which focusing on consequences of taking a specific option as opposed to estimating the probability of undesirable events occurring as a result of taking the option of interest helped to reduce and manage risk effectively. Please explain why the former (consequences) worked better than the latter approach (probability).

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