Importance of Risk Measurement and Risk Management

| August 14, 2017

Decision trees first appeared in 1968 but there has recently (in the last 10 years) been a rebirth in the use of this technique. Thinking as a strategic planner, why do you think there has recently been a rebirth in decision trees as a risk management tool?Why is risk measurement and risk management so important? What is more important — the measurement or the management of risk?

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