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Using Probability – Impact Matrix in Analysis and Risk ...

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.)

effect (impact). Quantification is possible using quantitative, qualitative and semi quantitative methods. When assessing major risks "is recommended quantitative evaluation methods that provide an accurate estimate of the possible consequences" (Iacob, 2013). The result based on

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