Risk Analysis

In Chapter 7, we noted the four key areas of risk attendant to engineering large-scale systems, namely:

1. Schedule risk

2. Cost risk

3. Performance risk

4. Societal risk

Risk must be considered one of the evaluation criteria for most complex systems. Measurement of risk is a nontrivial matter, but it has been considered in great detail in a variety of books and articles [9.9, 9.11, 9.12], ranging in scope from broad systems considerations to software development.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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