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similarities between psychology and risk assessments

The ability to distinguish between different terms is a prerequisite for the acquisition of accurate knowledge, including loss prevention knowledge. Without this capacity, confusion is virtually inevitable. More generally, several words and concepts in loss prevention underscore the necessity of acquiring a specialist vocabulary making fine differentiation among seemingly related but conceptually distinct concepts. As you probably noted the paragraph above is not our writing style. As a matter of fact we only have slightly adapted the conclusion of a…

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Megaprojects, Psychology and Risk Management

Megaprojects, Psychology and Risk Management Often, projects are led by planners and managers who keep changing throughout the long project cycles that apply to megaprojects, have little knowledge of risk management and risk based decision making leaving leadership weak and promoters overexposed. There are numerous biases that can interfere with good mega-projects management. “Uniqueness bias” can be defined as the tendency of planners and managers to see their projects as singular. This particular bias stems from the fact that new projects often…

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