Model of Risk Awareness

• Mur - Lee Murphy
• 8 November 2007
• Risk Management | Project Implementation | Project Planning | Risk Management

A five-point model that encourages risk awareness rather than risk measurement.

There are a number of risk assessment models in circulation, most of which are based upon financial modelling principles. This model is different, concentrating instead on awareness of risk.

The model is depicted diagrammatically below:

 

 

Any project is

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