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Thus, an iterative risk management should be carried out at all stages of the project life cycle. As consequence, the project risk management process has to be tailored for each particular case and project. Dr. Rasool Mehdizadeh has developed a methodology for a dynamic, multi-scale and multi-perspective risk management of construction projects ...
An issue log is a documentation element of software project management that contains a list of ongoing and closed issues of the project. [1] While issue logs can be viewed as a way to track errors in the project, the role it plays often extends further.
Risk is the lack of certainty about the outcome of making a particular choice. Statistically, the level of downside risk can be calculated as the product of the probability that harm occurs (e.g., that an accident happens) multiplied by the severity of that harm (i.e., the average amount of harm or more conservatively the maximum credible amount of harm).
A bridge management system (BMS) is a set of methodologies and procedures for managing information about bridges. Such system is capable of document and process data along the entire life cycle of the structure steps: project design, construction, monitoring, maintenance and end of operation. [1] [2]
Good project risk management depends on supporting organizational factors, having clear roles and responsibilities, and technical analysis. Chronologically, project risk management may begin in recognizing a threat, or by examining an opportunity. For example, these may be competitor developments or novel products.
Risk aggregation pursues the goal of determining an overall risk position for the company or for a project on the basis of the identified, analysed and evaluated individual risks. [1] The risk classification that has to be carried out within risk aggregation represents the interface between risk evaluation and risk response. [2]
Uniclass 2015 is a unified classification system for all sectors of the UK construction industry. [1] It contains consistent tables classifying items of all scales, from entire systems such as a railway to individual product items such as anchor plates, flue liners or LED lamps.
A risk management plan is a document to foresee risks, estimate impacts, and define responses to risks. It also contains a risk assessment matrix.According to the Project Management Institute, a risk management plan is a "component of the project, program, or portfolio management plan that describes how risk management activities will be structured and performed".