PROJECT RISK MANAGEMENT PHASES Cover Image

Fazele managementului de risc al proiectului
PROJECT RISK MANAGEMENT PHASES

Author(s): Claudiu George Bocean
Subject(s): Economy
Published by: Editura Universitaria Craiova
Keywords: risk evaluation; project management; risk management; expected value analysis.

Summary/Abstract: Risk management is the human activity which integrates recognition of risk, risk assessment, developing strategies to manage it, and mitigation of risk using managerial resources. Notwithstanding the domain of activities where they are conducted, projects often entail risks, and risk management has been widely recognized as a success factor in project management. Following a concept clarification on project risk management, this paper presents a generic list steps in the risk management process. Risk analysis is highlighted. I use expected value analysis for quantitative estimation. I propose to determine risk probability using Fishbone-Ishikawa diagrams and I provide an example that illustrates this theory.

  • Issue Year: XXXVI/2008
  • Issue No: 1
  • Page Range: 245-252
  • Page Count: 8
  • Language: English