Transcription of RISK MANAGEMENT IN PROJECTS - utu
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RISK MANAGEMENT IN PROJECTS - utu
RISK MANAGEMENT IN PROJECTSP roject MANAGEMENT and Leadership 2016D, PhD, PMPUNCERTAINTYa. The state of not being definitely known or perfectly clearALEATORYUNCERTAINTY objectiveandirreducibleuncertaintyaboutf utureoccurrencesthatisduetoinherentstoch asticityinphysicalorbiologicalsystems;EP ISTEMICUNCERTAINTY subjectiveandreducible,resultsfromalacko fknowledgeaboutthequantitiesorprocessesi dentifiedwithasystemb. Something not definitely known or #eid(TOBLER & WEBER inGLIMCHER & FEHR 2014, )RISKE ffect of uncertainty on objectives.[Aneffectisadeviationfromthee xpected positiveand/ornegative;objectivescanhave differentaspects(suchasfinancial,healtha ndsafety,andenvironmentalgoals)andcanapp lyatdifferentlevels(suchasstrategic,orga nization-wide, project ,productandprocess) (ISO 31000:2009, Clause ) (WARGO et al. inSTANTON et al. 2010, )ELLSBERG PARADOX30601.]
RISK Effect of uncertainty on objectives. [An effect is a deviation from the expected —positive and/or negative;objectives can have different aspects (such as financial, health and safety, and environmental goals) and can apply at different levels (such as strategic, organization-wide, project, product and …
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R i S k M A n A g E M E n T, Risk management, Understanding and Communicating Risk Appetite, Risk, Risk Descriptions - Risk Management, Risk Descriptions, Integrating risk and performance in management reporting, Risk Assessment, Management, Critical Chain and Risk Management • • • • • Protecting, Operational Risk Management