Project risk management: A new approach

  title={Project risk management: A new approach},
  author={Stefan Creemers and Erik Demeulemeester and Stijn Van de Vonder},
  journal={2011 IEEE International Conference on Industrial Engineering and Engineering Management},
The goal of project risk management is to provide insight into the risk profile of a project as to facilitate decision makers to mitigate the impact of risks on project objectives such as budget and time. A popular approach to determine where to focus mitigation efforts, is the use of so-called ranking indices. Ranking indices allow the ranking of project activities (or risks) based on the impact they have on project objectives. A distinction needs to be made between activity-based ranking… CONTINUE READING
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