Abstract:It is a rare program that is affected by just a single risk. There may be one risk that is of more concern than others, but there are almost always other risks that can compound the challenges and impacts of any single risk. If not foreseen and mitigated, compounding risk impacts can be a dangerous phenomenon. Our findings show that the program impact of a single risk can be significantly greater-by 20-30% or more-when it occurs in the presence of certain other risks.The authors have developed an approach usin… Show more
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