Hi risks can be ranked accordingly drmagedezzatgeorgy

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Unformatted text preview: dentify the events with the highest significance. hi Risks can be ranked accordingly. Dr. Maged Ezzat Georgy Benefits Benefits of Sensitivity Sensitivity Analysis Better understanding of the project and its risk dimension dimension. The ability to rank risk events in order of significance/importance. Dr. Maged Ezzat Georgy Shortcomings Shortcomings of Sensitivity Sensitivity Analysis 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 Scenario Analysis Can be considered as a derivative of the sensitivity analysis. analysis. 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 analysis. Requires broad knowledge and experience to be able to envision and develop potential scenari...
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This document was uploaded on 01/22/2014.

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