March 2015
Intermediate to advanced
400 pages
12h 18m
English
Content preview from Identifying and Managing Project Risk, 3rd Edition
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Chapter
7
Quantifying and Analyzing Activity Risks
When you know a thing, to hold that you know it,and when you do not know a thing, to allow thatyou do not know it—this is knowledge.
—CONFUCIUS
Project planning processes serve several purposes, but probably the most important for risk management is to differentiate the parts of the work that are well understood, and therefore less risky, from the parts where you are clueless. Often, what separates an impossible project from a possible one is isolating the most difficult work early, so it receives the attention and effort required to deal with it. Risk assessment techniques are central to gaining an understanding of what is most uncertain about a project, and they are the foundation for managing ...
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