Project Risk and Cost Analysis

Description

Introduction to project risk and cost analysis -- Risk identification -- Qualitative risk analysis -- Tools for qualitative risk analysis -- Statistical foundations for quantitative risk and cost analysis -- Risk cost analysis -- Quantitative cost analysis tools -- Quantitative schedule analysis tools -- Risk response planning -- Risk monitoring and control.;Project Risk and Cost Analysis focuses on risk in the context of project management, primarily in the area of risk's effects on project costs, with emphasis on the many modern tools that help you and your organization quantify and manage project risk. You will learn how to perform a formal risk and cost analysis, apply the Earned Value Method to risk management, and adjust schedule and budget reserves appropriately for your project conditions. The book follows the basic project risk management approach as laid out in A Guide to the Project Management Body of Knowledge (PMBOK® Guide), 4th Edition, popularly known as the PMBOK® Guide, along with other sources listed in the bibliography and suggested reading. Introduction to project risk and cost analysis -- Risk identification -- Qualitative risk analysis -- Tools for qualitative risk analysis -- Statistical foundations for quantitative risk and cost analysis -- Risk cost analysis -- Quantitative cost analysis tools -- Quantitative schedule analysis tools -- Risk response planning -- Risk monitoring and control.