Risk management – component of cost analysis
Risk management – component of cost analysis
Author(s): Viorel Cristinel MateiSubject(s): Social Sciences, Business Economy / Management, Sociology, Management and complex organizations
Published by: Regional Department of Defense Resources Management Studies
Keywords: Risk management; uncertainty; robability; impact; risk value; contingency; price analysis; cost analysis;
Summary/Abstract: The 7th International Scientific Conference “DEFENSE RESOURCES MANAGEMENT IN THE 21st CENTURY” Braşov, November 15th 2012 Risk management – component of cost analysis CDR Viorel Cristinel MATEI Armaments Department, Ministry of Defense, Romania Abstract: Risk management is the primary job of a project manager. Every project management technique is in fact a risk management technique. Some of techniques reduce the risk of being late and some of them reduce the chances of overrunning the budget. The present paper gives a short idea of how the risk management influence the cost of a product and how the cost can be reduced. The paper also includes a short explanation about the differencies between uncertainty and risk as they are perceived from the project management perspective.
Journal: Defense Resources Management in the 21st Century
- Issue Year: 7/2012
- Issue No: 7
- Page Range: 356-361
- Page Count: 6
- Language: English