Decision Tree - Project Management - Lecture Slides, Slides of Project Management

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Decision Tree

Simple (0.30)

Difficult (0.70)

Minor changes (0.40)

Major changes (0.60)

Simple (0.20)

Complex (0.80)

Minor changes (0.70)

Major changes (0.30)

Without changes (0.80)

With changes (0.20)

Risk analysis and

management

Risk concerns future happenings. Today and yesterday are beyond active concern. The question is, can we, therefore, by changing our action today create and opportunity for a different and hopefully better situation for ourselves tomorrow. This means, second, that risk involves change, such as changes in mind, opinion, action, or places. … [Third,] risks involves choice, and the uncertainty that choice itself entails.

Robert Charette

Risk analysis and

management concerns

1. Future – what risks might cause the

project to go awry

2. Change – what change might cause

the risk to strike

• How changes in requirements,

technology, personnel and other entities

connected to the project affect the

project

3. Choice – what options do we have for

each risk