• Using the information presented determine the conscious factors, subconscious factors, and affective factors for this project. Examine how awareness of such factors influences the decision to hire outside vendors. In addition, analyze how the stated factors help improve the overall facilitation and effectiveness of the risk management.

CONSCIOUS FACTORS (Situational and Rational)	SUBCONSCIOUS FACTORS (Heuristics)	SUBCONSCIOUS FACTORS (Cognitive Bias)	AFFECTIVE FACTORS (Emotions and Feelings)
Familiarity, manageability, proximity, propinquity, severity of impact, group dynamics, organizational culture	Intuition, representativeness, availability, reality traps, confirmation trap, lure of choice, affect heuristic, anchoring, group effects (e.g. groupthink)	Prospect theory, repetition bias, Illusion of control, Illusion of knowledge, Intelligence trap, optimism bias, fatalism bias, precautionary principle, hindsight bias	Fear (dread, worry, concern...), desire (excitement, wonder...), love (lust, adoration, attraction...), hate (dislike, disgust...), joy (happiness...), sadness (depression...)