Risk Management and Control Through Simulation — The Underused Management Tool

Abstract

This article aims to clarify the issue of project risk management techniques and describes one such “tool” which provides an assessment of the true level of investment risks. This predictive tool provides the combination of a conventional critical path activity network approach with full allowance for the interactive effects of the project variables which contribute to uncertainty.

Citation

Krantz, L. (1984), "Risk Management and Control Through Simulation — The Underused Management Tool", Industrial Management & Data Systems, Vol. 84 No. 9/10, pp. 13-14. https://doi.org/10.1108/eb057374