8
Project Risk Management
CHAPTER COVERAGE
- Documentation Reviews
- Delphi Technique
- SWOT Analysis
- Risk Probability and Impact Assessment
- Probability and Impact Matrix
- Risk Data Quality Assessment
- Risk Urgency Assessment
- Probability Distributions
- Decision Trees
- Sensitivity Analysis
INTRODUCTION
Effective risk management techniques reduce the noxious effects of risks in a project. 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 are required to plan for and manage risks, because cost overruns, loss of stakeholder confidence, or even outright project failure may result if ...
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