Project Risk: Pragmatism vs. Theory

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F18%3A50015411" target="_blank" >RIV/62690094:18450/18:50015411 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Project Risk: Pragmatism vs. Theory

Popis výsledku v původním jazyce

This book, which reports on research undertaken by the author, explores some of the wide literature on the analysis, measurement, and perception of risk, in particular project risk, and then focuses on a very narrow area of that research – the relationship between the probability of risk occurrence and its possible impact if it did occur. In theory, risk is measured as the product of its probability of occurrence multiplied by its impact (R = P x I) and has a strong base in probability theory and mathematics through “expected values”. This theory is well established in the literature. Through a case study approach, this current research, however, concludes that the linear relationship between risk “probability” and “impact” producing a “risk value” is perceived by some practitioners not to be correct and that the relationship is in fact exponentially influenced - pragmatism vs. theory. A second case study reports on the detailed application of this pragmatic approach in arriving at a risk profile for a given capital project.

Název v anglickém jazyce

Project Risk: Pragmatism vs. Theory

Popis výsledku anglicky

This book, which reports on research undertaken by the author, explores some of the wide literature on the analysis, measurement, and perception of risk, in particular project risk, and then focuses on a very narrow area of that research – the relationship between the probability of risk occurrence and its possible impact if it did occur. In theory, risk is measured as the product of its probability of occurrence multiplied by its impact (R = P x I) and has a strong base in probability theory and mathematics through “expected values”. This theory is well established in the literature. Through a case study approach, this current research, however, concludes that the linear relationship between risk “probability” and “impact” producing a “risk value” is perceived by some practitioners not to be correct and that the relationship is in fact exponentially influenced - pragmatism vs. theory. A second case study reports on the detailed application of this pragmatic approach in arriving at a risk profile for a given capital project.

Druh

B - Odborná kniha

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

ISBN

978-613-9-97990-5

Počet stran knihy

103

Název nakladatele

LAP-Lambert academic publishing

Místo vydání

Saarbrücken

Kód UT WoS knihy

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