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Systems approach to project risk management

Description: This paper describes the need for better performance in the planning and execution of projects and examines the capabilities of two different project risk analysis methods for improving project performance. A quantitative approach based on concepts and tools adopted from the disciplines of systems analysis, probabilistic risk analysis, and other fields is advocated for managing risk in large and complex research & development projects. This paper also provides an overview of how this system ana… more
Date: January 1, 2002
Creator: Kindinger, J. P. (John P.)
Partner: UNT Libraries Government Documents Department
open access

LANL'S DEVELOPMENT OF SCHEDULE CONTINGENCY BASED ON PROBABILISTIC RISK RESULTS

Description: The need for budget reserve in project planning is widely recognized, but the need for a corresponding schedule reserve is generally not as universally acknowledged. Los Alamos National Laboratory (LANL) performs probabilistic project risk analyses for all major projects; the question has become how to more fully use the results of the schedule analyses to establish a schedule reserve. Before the use of quantitative project risk analysis, milestones were based on the initial point estimate with… more
Date: March 1, 2001
Creator: HOUGHTON, F. K.; KINDINGER, J. P. & AL, ET
Partner: UNT Libraries Government Documents Department
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