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Business, risk management: Accounting for risk. Dan Patterson. Petroleum Review February 2007, P. 34-35

As the stakes continue to increase within the environment of large capital expenditure (capex) exploration and refining oil and gas projects, the need for competitive advantage during the strategic bid decision-making phase is paramount. If an organisation can identify areas of uncertainty in a project, then it can account for these in its proposal, writes Dan Patterson PhD PMP, Director, Primavera Pertmaster.
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