Beyond probability-impact matrices in project risk management: A quantitative methodology for risk prioritisation
F. Acebes,
J. M. González-Varona,
A. López-Paredes
et al.
Abstract:The project managers who deal with risk management are often faced with the difficult task of determining the relative importance of the various sources of risk that affect the project. This prioritisation is crucial to direct management efforts to ensure higher project profitability. Risk matrices are widely recognised tools by academics and practitioners in various sectors to assess and rank risks according to their likelihood of occurrence and impact on project objectives. However, the existing literature h… Show more
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