Juniper Publishers_Open Access Journal
Abstract: This article examines conventional methods for risk identification and risk scoring using 'look-up' tables, and concludes that such methods are inherently flawed and offer false confidence in project management. The author suggests a series of searching questions to test the efficacy of traditional risk assessment in order to better prepare the project for review. Important further considerations are posed in relation to nonspecific, irrational risk exposure (i.e. Black Swans), and the author presents two approaches for improved preparedness against undefined risk.
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