Basics 2 min read
What is Project Management?
More specifically, what is a project? It’s a temporary endeavor undertaken to create a unique product, service or result. A…
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Financial & Risk Aspects of Projects 1 min read
Quantitative Risk Analysis
· Analyse numerically the probability and consequence of each risk · Decision Tree analysis · Expected Monetary Value Analysis (EMV) EXPECTED MONETARY VALUE…
Financial & Risk Aspects of Projects 1 min read
Perform Qualitative Risk Analysis
COMMONLY USED METHODOLOGIES · Based on Failure Modes and Effects Analysis (FMEA) · Frequency and Severity Matrix · What-If Analysis · Hazard and operability…
Financial & Risk Aspects of Projects 1 min read
Risk Breakdown Structure
IDENTIFY RISKS Typical Information Gathering Techniques Brainstorming Delphi technique · Successive anonymous questionnaires on project risks with responses summarized for further…
Financial & Risk Aspects of Projects 1 min read
How Do We Manage Risk?
Using the six risk management processes · Plan Risk Management · Identify Risks · Perform Qualitative Risk Analysis · Perform Quantitative Risk Analysis · Plan…
Financial & Risk Aspects of Projects 2 min read
Key Risk-Related Terms
· Risk Factors · Probability of occurrence · Range of possible outcomes (impact and stake) · Expected timing of event · Anticipated frequency of risk…
Financial & Risk Aspects of Projects 2 min read
Risk Management
“…the process involved with identifying, analysing, and responding to risk. Risk is part of every project we undertake and the…
Financial & Risk Aspects of Projects 5 min read
Top-Down and Building-Block Approaches to Risk Management
The senior management of an organisation will view the risk management process by looking at the overall risk from all…
Financial & Risk Aspects of Projects 2 min read
The Step-By-Step Risk Management Process
The risk management literature often adopts a stages model from the project management and decision theory literature. A typical set…
Financial & Risk Aspects of Projects 4 min read
Risk Measurement
Risk measurement transforms that which is difficult to measure into quantifiable risks. The principal task initially is to model risk…
Financial & Risk Aspects of Projects 4 min read
Steps to Risk Identification
Risk management, financial or otherwise, follows a logical process. At its simplest it involves three steps: an awareness of the…
Financial & Risk Aspects of Projects 4 min read
What Is Financial Risk?
There are several ways in which we may define financial risk. In understanding the impact of financial risk on the…
