Standard Project Risk Analysis Approach

Abstract

Background: To stay competitive in a highly unpredictable market of today, companies must be able to manage project risks effectively. The basis for an effective risk management is a thorough risk analysis. Despite the availability of many different risk analysis approaches, companies can be reluctant to use them, since the models are usually complex and very time consuming.

Keywords

• risk management
• risk analysis
• standard risk model
• risk map
• o22
• o32