Exploiting Future Uncertainty by Hillson David;

Author:Hillson, David;
Language: eng
Format: epub
Publisher: Taylor & Francis Group

So there is no doubt that dealing w ith probability is difficult. But we need to work at this because we cannot properly prioritise risks without considering how likely they are to actually happen. This matters for two main reasons:

Faulty probability assessment means risks will be wrongly prioritised, leading to a failure to focus on the most significant risks, selection of inappropriate responses, inability to manage risks effectively, and loss of confidence in the risk process.

Sound assessment of risk probability improves the understanding of each risk, allowing appropriate prioritisation, better response selection, enhanced risk management effectiveness, and more reliable achievement of project and business objectives.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.