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.)]
QUANTITATIVE TECHNIQUES SENSITIVITY ANALYSIS helps to determine which risks have the most potential impact on the project; examines the extent to which the uncertainty of each project element affects the
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