Implementation of a risk management simulation tool
Autor: | Zakari Danlami Tsiga, Michael Emes, Alan Smith |
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Rok vydání: | 2017 |
Předmět: |
business.industry
Computer science 05 social sciences 020207 software engineering 02 engineering and technology Reduction (complexity) Risk analysis (engineering) 0502 economics and business 0202 electrical engineering electronic engineering information engineering General Earth and Planetary Sciences Project management business 050203 business & management Software project management Risk management General Environmental Science |
Zdroj: | Procedia Computer Science. 121:218-223 |
ISSN: | 1877-0509 |
DOI: | 10.1016/j.procs.2017.11.030 |
Popis: | Risk management is an essential part of project management. Proactive management of risk in projects helps increase the success rate of projects and the reduction of potential costs. The paper presents a new tool for implementing the risk management process in projects. The tool allows participants to understand a project further, and to analyse risks in a project using various methods such as risk exposure and Monte Carlo method. From the results of the study, the tool helps in improving the understanding and implementation of risk management in projects. The tool implementation and results are discussed in this paper. |
Databáze: | OpenAIRE |
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