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  5. Estimation of efficiency of actions for reaction to project risks

Estimation of efficiency of actions for reaction to project risks

M.O. Latkin
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The problem of working out and choice of adequate actions for reaction to project risks is considered. For an estimation of various actions for reaction to project risks it is offered to use criteria of economic efficiency of the project. On the basis of discounting of monetary streams the method of an estimation of efficiency and a choice of the best actions for reaction to project risks which unlike the existing considers possible residual losses during project performance is improved. It gives the chance to form the plan of management of the project, directed on decrease in negative influence of project risks.
Keywords: project management, management of project risks, actions for reaction to project risks