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Project Risk Management

CHAPTER COVERAGE

  1. Documentation Reviews
  2. Delphi Technique
  3. SWOT Analysis
  4. Risk Probability and Impact Assessment
  5. Probability and Impact Matrix
  6. Risk Data Quality Assessment
  7. Risk Urgency Assessment
  8. Probability Distributions
  9. Decision Trees
  10. 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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