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Dynamic risk control for project development

Gasparini, Mauro and Margaria, Gabriella and Wynn, Henry P. (2004) Dynamic risk control for project development. Statistical Methods and Applications, 13 (1). pp. 73-88. ISSN 1618-2510

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Identification Number: 10.1007/s10260-003-0075-x

Abstract

A statistical methodology for dynamic risk control is discussed. The research is aimed at constructing tools for the analysis of expert opinions within a company about the risks involved in the production of a new commercial product or service. Focus is on risk events and on the analysis of the expert assessments of probabilities, losses and correlations of such events. A rescoring loop of risk assessments and preventive actions taken by the company on the basis of these assessments is illustrated through an example on software development. Relevant literature on risk and subjective elicitations is reviewed.

Item Type: Article
Official URL: http://link.springer.com/journal/10260
Additional Information: © 2004 Springer
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
Q Science > QA Mathematics
Sets: Research centres and groups > Centre for the Analysis of Time Series (CATS)
Research centres and groups > Decision Support and Risk Group (DSRG)
Date Deposited: 05 Mar 2014 08:43
Last Modified: 25 Oct 2017 13:54
URI: http://eprints.lse.ac.uk/id/eprint/55988

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