What specific conditions would need to change in order to consider alternative risk analysis techniques?

What specific conditions would need to change in order to consider alternative risk analysis techniques?

I need 200-300 words on: What specific conditions would need to change in order to consider alternative risk analysis techniques?

20190615045241performing_risk_analysis

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Conditions for Consideration of Alternative Risk Analysis Techniques
In the course, we discussed some of the major alternative risk analysis techniques that may be used within a given market or industry. These techniques have over time been observed to be important at allowing managers to assess the risk that could affect various activities, operations or stocks. However, alternative risk analysis techniques are only used when certain specific conditions have been met. This is mainly because their application tends to be expensive and can often be time-consuming. The first specific condition is that the project in question must be faced with numerous risks and uncertainties.

(309 words)