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Risk Analysis | |
Making decisions when uncertainty is presentIn today's fast-paced environment, there are times when all of the necessary data cannot be collected before a decision needs to be reached. The ability to qualitatively evaluate risk from unknowns or alternatives is important. This especially true for engineers and scientists who tend to need a complete answer before they want to deliver their recommendation. One valuable technique to help evaluate risk is the decision network analysis. One creates network diagrams to display problem choices based on the capabilities and limitations of specific designs. For more information on risk analysis, the following books are recommended: | |
 Risk and Decision Analysis in Projects
| Management Decision Making: Spreadsheet Modeling, Analysis, and Application
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