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eRisks in eWorld - Intro E-mail
In Project Risk Management, Paul S. Royer defines risk as the possible future event that can affect the project’s objectives in terms of costs, schedule or from technical perspectives. The effect could be positive, in this case the project manager having the opportunity to improve the project performance and to asses the risks. But most of the times, the effects are contrary to the objectives. The source of risk and sometimes even the possibility of its occurrence and the quantification of its impact on project’s objectives can be identified. The identification and risk evaluation processes represent the transformation of something “unknown” in known risks in order to improve the project management.
Palisade Corporation, the @Risk for Project developer, defines risk as the uncertainty or variation in the appearance of an event or decision and Software Engineering Institute defines the risk concept citing the Webster dictionary: “Risk is the possibility of suffering loss”




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