Using Probability – Impact Matrix in Analysis and Risk Assessment Projects

Vasile Dumbravă and Severian Iacob ()
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Vasile Dumbravă: Titu Maiorescu University of Bucharest

Journal of Knowledge Management, Economics and Information Technology, 2013, vol. 3, issue 6, 7

Abstract: During the course of a project it may appear different threats being usually placed either in account of human resources or the funding account. However, they are not the only threat. In achieving successful designs, its management must take into account sudden changes in the environment (natural disasters), of the political, the socio-economic (armed conflicts, strikes, new regulations, etc.). Completion of a project may also be threatened by labor incidental, movement and more. Thus, difficult situations or risk management is of key importance in project management. Proper management of the threats of the type listed involves a more precise prediction of the effects that could be caused by events considered at risk. Of the reach of managers interested in determining the size of risk are qualitative, semi-quantitative and quantitative methods. The content of this study, in addition to highlighting a theoretical form of the key issues of risk and its management will be considered an example of how can be used probability-impact matrix as qualitative risk analysis method.

Date: 2013
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:spp:jkmeit:spi13-07

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