Project Management Risk Sensitivity Analysis
Volume 4 Issue 1 2010
Download| Author(s): | Shenila Makhani, Abdul Hafeez Khan, Safeeullah Soomro |
|---|---|
| Abstract | In today's world, the fulfillment of project outcomes is extremely important. Once idea is finalized, its outcomes are decided on the initial basis and they are highly impact by the risk sensitivity analysis measures. If there would be a change in a single factor of these measures then it has the impact on the overall project and especially the outcomes which might be not achieved completely cent percent. Therefore, when we see around ourselves in the software industry or any other one I will find it commonly that these notions are not very common even it counts in one of the good practices but it involves a lot of prediction and calculation in the beginning of the project. Risk Sensitivity Analysis, this technique has been considered as a useful analytical procedure when it comes to the project evaluation and assessment. It will not evaluate the risk on any project completely and even so considered helpful in discovering the variables which are contributing a lot in the overall risk of the project but it will direct in a way which can be used to control the risk elements in a project. The objective of this research survey is to identify the data, techniques and the models and to evaluate these under the real world scenarios that demonstrate the usefulness of the research survey. It will demonstrate data for developing the risk reduction and risk management strategies and the new hypothesis for the identification and prioritization of future researches. The survey presents the findings from the research papers for the use of the risk sensitivity analysis factors by the different researchers who illustrated the application of the techniques at the practical level to asset in the risk management process which is attached with the various projects. Therefore, both the worth and the limitations of the techniques are explained. |
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| Year | 2010 |
| Volume | 4 |
| Issue | 1 |
| Type | Research paper, manuscript, article |
| Journal Name | Journal of Information & Communication Technology | Publisher Name | ILMA University | Jel Classification | - | DOI | - | ISSN no (E, Electronic) | 2075-7239 | ISSN no (P, Print) | 2415-0169 | Country | Pakistan | City | Karachi | Institution Type | University | Journal Type | Open Access | Manuscript Processing | Blind Peer Reviewed | Format | Paper Link | https://jict.ilmauniversity.edu.pk/journal/jict/4.1/4.pdf | Page | 38-48 |