The two-dimensionality of project risk
Williams, T.M. (1996) The two-dimensionality of project risk. International Journal of Project Management, 14, (3), 185-186. (doi:10.1016/0263-7863(96)00030-0).
Download
Full text not available from this repository.
Original Publication URL: http://dx.doi.org/10.1016/0263-7863(96)00030-0
Description/Abstract
The idea of multiplying the likelihood and the impact of risks is common. This Note discusses the point that the proper consideration of project risk requires consideration of both impact and likelihood. Calculating “expected” risk as probability times impact has limitations, and ranking risks according to this figure is misleading. Computerized “risk lists” thus ranked should not be relied upon.
| Item Type: | Article |
|---|---|
| ISSNs: | 0263-7863 (print) |
| Related URLs: | |
| Keywords: | risk |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management |
| Divisions: | University Structure - Pre August 2011 > School of Management |
| Item ID: | 36882 |
| Date Deposited: | 08 Mar 2007 |
| Last Modified: | 02 Mar 2012 12:28 |
| Contributors: | Williams, T.M. (Author) |
| Date: | 1996 |
| Status: | Published |
| URI: | http://eprints.soton.ac.uk/id/eprint/36882 |
Actions (login required)
 |
View Item |
