CHAPTER

8

Individual Project Risk Analysis

Formal project risk management actually involves two distinct analyses of project risks: a qualitative analysis performed on individually identified risks (the subject of this chapter), and a quantitative analysis conducted to determine overall project cost and schedule risks (the subject of Chapter 9). Both are extremely useful and are good practices on almost any type of project where project performance and the understanding of risk are important to the project stakeholders.

The Difference Between Individual and Overall Risk Assessments

Why are two different risk assessment processes needed? In most circumstances, the overall project cost and schedule risk assessment cannot be effectively ...

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