How might the project manager at Nutristar incorporate simulation analysis into his or her risk analysis process?

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Nutristar project managers can include simulation analysis in the risk analysis process. This is done by creating a model that represents the project as well as its risks. Each risk should be described in detail, including the probability and possible consequences. These data can be used for simulations to explore the effects of changes on the environment or project. These simulations are then used to make decisions regarding which risks should be minimized, and how to prioritize resources. Simulations can also provide useful insights about possible outcomes, which will help to prepare for surprises.

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