O'Reilly logo

Project Risk and Cost Analysis by Deborah Singer Dobson, Michael S. Dobson

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

 1 

Introduction to Project Risk and Cost Analysis

Image

Learning Objectives

By the end of this chapter, you will be able to:

•  Define the terms risk and risk management, upside and downside risk, pure and business risk.

•  Describe the fundamental formula for pricing a risk.

•  Identify the two ways to manage pure risk and the four ways to manage business risk.

•  List the five steps in the project risk management process.

•  Explain why it is necessary to update a risk management plan throughout the project lifecycle.

•  Identify the three categories of risk management costs and provide examples of each.

Estimated timing for this chapter: ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required