classical model of decision making involves more thinking and reasoning

administrative model of decision making involves more intuition and feelings

Make a plan.

B.

Define the problem.

C.

List solutions.

D.

Make a decision.

Yes, risk management involves sound decision making, accountability and flexibility. Managers are required to examine the risk associated with each project before making a decision.

Yes, risk management involves sound decision making, accountability and flexibility. Managers are required to examine the risk associated with each project before making a decision.

Yes, risk management involves sound decision making, accountability and flexibility. Managers are required to examine the risk associated with each project before making a decision.