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Decision makers depend on reliable capital project cost and schedule risk analyses to give them confidence in their capital investment decisions. To deliver reliability, risk analysts need to apply project risk quantification (PRQ) methods that work. That means the PRQ methods should: – be based on empirical research of risk drivers and validated against actual data, – be applicable on all projects– simple and complex, large and small, conceptual or detailed, and good or bad quality estimates and schedules, and – be simple enough that consultants are not needed except for an outside view of strategic projects. [ 315 more words ]
https://riskacademy.blog/…/project-risk-quanti%ef%ac%81cat…/
Project Risk Quantification: Methods that Work #riskawarenessweek2019
Decision makers depend on reliable capital project cost and schedule risk analyses to give them confidence in their capital investment decisions.To deliver reliability, risk analysts need to apply
