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Category: Project Risk

Risk Register dashboard infographics, developed by Gleeym. www.gleeym.com

COMMUNICATE WITH RISK REGISTER

This is article is on RISK Register. It is equally applicable to Portfolio, program, project and ERM etc. Throughout the article for the simplicity Risk Register is referred to Projects only. Key Words Risk identification, Risk communication, risk assessment, risk evaluation, risk meta-language, Qualitative Risk Analysis, Risk , Causes, Causation, Schedule, Cost, quality, Risk score, […]
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Digital World, 2nd machine age

Digital Risk Analysis using Monte Carlo Simulation using Monte Carlo Simulation (MCS)

Questions: What is Digital Risk Management? Why Schedule for Agile environment? How Monte Carlos Simulation will help to answer the question and concerns of key stakeholders. Digital World: Digital electronics provides the basis for fourth industrial revolution or second (2nd) machine age. It is evolving and following “Morse Law” and expanding exponentially. Computing power is also growing substantially to provide support in planning, […]
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shutterstock 248285317 mod

SCHEDULE RISK ANALYSIS (SRA) – SCHEDULE UNCERTAINTY

SCHEDULE RISK ANALYSIS (SRA) – SCHEDULE UNCERTAINTY Keywords: Schedule, Critical Path (CP), Milestone, Deterministic Value, 3-Point estimates, Monte Carlo Simulation, Correlation, Iteration, Cumulative Frequency Chart, Probabilistic Branching, Distribution, Triangular Distribution, Categories, Duration, Finish Date, Uncertainty, Skewness, Positively Skewed, Negatively Skewed. Summary: A schedule risk analysis (SRA) uses a risk-based project schedule (derived from the master […]
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Portfolio Risk Opportunity System Drivers

Driving Project Portfolio Risk & Opportunity Management for Benefit Realization

Driving Project Portfolio Risk & Opportunity Management for Benefit Realization “Enhance opportunities and reduce threats by aligning sub-portfolios, programs and projects to meet organizational strategic goal”   This article illustrates the high-level components of Portfolio Risk & Opportunity Management. The risk is both threats and opportunity. The main goal is to minimize threats and maximize the […]
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Capacity and The Capability

CONSTRUCTION RISK MANAGEMENT, A DIFFERENT PERSPECTIVE: WHAT? WHY?

CONSTRUCTION RISK MANAGEMENT, A DIFFERENT PERSPECTIVE: WHAT? WHY? Introduction: External pressures like Digital transformation, volatile economic situations, lower rates and changing political scenarios are somehow putting more pressure to stay competitive. Disintegration and lack of information flow in 360 degrees (Up and down, internal and external) are the internal factors that constrict an organization’s growth. The ultimate […]
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