Project risk management: A deterministic quantitative technique for assessment and mitigation

The paper presents a deterministic technique for assessing and preventing project risks, by determining the risk of the Work Progress Status. Firstly, the performance of the input factors, namely the costs, quality, and time, are detected, that reflect the Iron Triangle of the Project Management. As each phase ends, the actual values of the input factors are detected and compared with that planned, and corrective actions are taken for...