The FAP Model — The Project Risk Profile (PRP)

Frank Lefley
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Frank Lefley: University of Hradec Králové

Chapter 8 in The FAP Model and Its Application in the Appraisal of ICT Projects, 2015, pp 113-127 from Palgrave Macmillan

Abstract: Abstract Risk can result from many sources, and it is often difficult to identify the drivers of risk in respect of each capital project being evaluated. Although risk will have financial implications, project-specific risk is not limited to errors in forecasting cashflows but the much wider risk ‘elements’ of a capital project. These risk elements are the ‘elephant traps’ which, in the case of significant strategic projects, have the potential to destroy the firm. The recognition of such elements is a subjective and judgmental process that will be influenced by the prejudices and biases of each manager involved in the evaluation process.

Keywords: Team Member; Risk Area; Risk Probability; Project Risk; Risk Element (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-44352-6_8

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DOI: 10.1057/9781137443526_8

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