Risk is inherent in any activity: All decisions or actions may result in unwanted consequences. Thus the proper thing to do is always to con­sider risk and to make use of the information gained in the decision process. Risk Management Process Risk management is basically a managerial tool to support the deci­sion maker. The initial […]

There are several kinds of estimating techniques; these can be grouped into two main categories:  Approximate Estimates and Detailed Estimates 1. Approximate Estimates An approximate estimate is an approximate or rough estimate prepared to obtain an approximate cost in a short time. For certain purposes the use of such methods is justified. 2. Detailed Estimate […]

If you have spent a long period of time to study in the academic field and you would like to teach in that particular field, you will find that it is perfect for you to obtain the doctorate degree. This is one of the degrees that you would like to get to show that your […]

Monaco, known officially as the Principality of Monaco is a sovereign city-state in the French Riviera in Eastern Europe. Economy-wise, Monaco records the highest GDP in the world at over $150,000 and quite a low unemployment rate of 2%. Monaco’s economy is mainly supported by tourism. Tourists come to have a go at the Monte […]