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Using Probability – Impact Matrix in Analysis and …
Scientific Papers ( ) Journal of Knowledge Management, Economics and Information Technology 76 Special Issue December 2013 Using Probability Impact Matrix in Analysis and Risk assessment Projects Authors: Vasile Dumbrav , Titu Maiorescu University of Bucharest, Romania; Vl du - Severian Iacob, Stefan cel Mare University of Suceava, Romania During the course of a project it may appear different threats being usually placed either in account of human resources or the funding account. However, they are not the only threat. In achieving successful designs, its management must take into account sudden changes in the environment (natural disasters), of the political, the socio-economic (armed conflicts, strikes, new regulations, etc.). Completion of a project may also be threatened by labor incidental, movement and more. Thus, difficult situations or risk management is of key importance in project management. Proper management of the threats of the type listed involves a more precise prediction of the effects that could be caused by events considered at risk.
Using Probability – Impact Matrix in Analysis and Risk Assessment Projects 78 Special Issue December 2013 Specific to the assessment of event risk is a two-dimensional approach:
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