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Research the literature for practices and methodologies appropriate for managing risk in simple to complex projects in a global environment. Find examples of the benefits and failures of risk management and the impact on the organization. Based on either your research or a personal experience:
Provide an example of risk management failure and explain how that failure impacted the organization.
Discuss how proper risk management strategies could have prevented this situation.
Suggest an improved approach to planning and managing project risk by addressing opportunities, threats, uncertainty, and ambiguity.
Provide a positive example of risk management that worked, analyzing strengths and weaknesses of the current practices, to defend your answers.
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