RiskNavô: A decision aid for prioritizing, displaying, and tracking program risk

RiskNavô: A decision aid for prioritizing, displaying, and tracking program risk

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Article ID: iaor2002690
Country: United States
Volume: 3
Issue: 2
Start Page Number: 25
End Page Number: 36
Publication Date: Jan 1998
Journal: Military Operations Research
Authors: , ,
Keywords: military & defence
Abstract:

This work presents a family of preference models for prioritizing program risk. These models originate from multiattribute utility theory and rank-order project-defined risk events as a function of multiple criteria. Such criteria include, but are not limited to, a program's cost, schedule, and technical performance. In addition, the methodology is tuned for quantifying the effects of coupled (dependent) risks. As a decision-aid, these models target where engineering assets are best applied to mitigate potentially crippling areas of risk to a program.

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