Project management has become a big part of how all organizations get things done. Managers at all levels need to take on and deliver projects. The scope of these projects range from small projects lasting days to multi-million dollar projects taking years. All of these projects have one big thing in common: RISK. Risk happens! Things go wrong. As many of us have learnt recently, the real world does not respect your hopes, plans or expectations. It moves according to its own, if unexpected, agenda. So you need to respond with a practical approach to managing project risk.First, I estimate the probability of breaking the glass and the full cost of replacing it. I can then calculate a ... Table 5.16a: RMS Method a Risk 1 Risk Probability Maximum Risk Value (MRV) Average Risk Value (ARV) 1. Broken glass 33% 1.00 xanbsp;...
|Publisher||:||Marshall Cavendish International Asia Pte Ltd - 2011-05-15|