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Unformatted text preview: dentify the events with the highest significance.
Risks can be ranked accordingly. Dr. Maged Ezzat Georgy Benefits
Better understanding of the project and its risk
The ability to rank risk events in order of
significance/importance. Dr. Maged Ezzat Georgy Shortcomings
Unrealistic to assume risk events to occur one-at-atime.
There is no indication of the overall risk in the
project. Dr. Maged Ezzat Georgy Scenario
Can be considered as a derivative of the sensitivity
In principle, it attempts to overcome the major
deficiency/pitfall of the sensitivity analysis, i.e., risks
are altered one-at-a-time.
Each time, an entire scenario is created where
several risk events are altered simultaneously. Dr. Maged Ezzat Georgy Scenario Analysis
This is not as simple to perform as the sensitivity
Requires broad knowledge and experience to be able
to envision and develop potential scenari...
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- Winter '14