Chapter 8
Project Risk Management
CHAPTER COVERAGE
4. Risk Probability and Impact Assessment
5. Probability and Impact Matrix
INTRODUCTION
Although every activity or enterprise has an element of risk attached to it, effective risk management techniques can mitigate the noxious effects of risks coming to fruition. The American Express Bank, for example, obviously succeeded in managing risk effectively and professionally, because their centers in New York were back in operation just a day after the 9/11 attacks. Project managers, too, are required to ...
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