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...lenge. Risks are quantified by using likelihood or probability of an event to occur and its impact on the outcome or situation. Risks then can be categor ...uction, safety and etc. and its criticality cannot be overlooked. In order to highlight the importance and challenges that are faced during risk quantifi

...ect life cycle theory and a specially developed framework, to provide help to the project manager in the different project phases. ...f different tools and theories, there is a need to explain these. in order to fully understand the end framework.

...oject management and commonly together with the critical path method (CPM) to control, plan and schedule. ...o costs for each activity. However, PERT use has been increasingly applied to all CPM scheduling.[1]

... it is called Kano model. This Article provides an overview, how to use it to find out the requirements, gives an example and represents advantages and d ...nt types, the model provides. The model gathers the needs of the customers to include them in the development of a product or service. <ref>

... risks with proportionally many potential risk responses it is challenging to treat all risks most beneficially for the project. ...to help providing factual justification for the treatment of each risk and to establish an overview is the '''decision tree'''. <br>

...od for product innovation, program or project, bringing ideas from concept to launch. Stage-Gate consists of five different stages<ref name="Stage"/>: ... stage. Dealing with risk and uncertainty is often one of many pitfalls in projects. Stage-Gate takes this into account, as the risk and uncertainty will decre

...as established for chemical industries, in order to evaluate risks related to the possible deviations of a project. ...ated, terminologies are clarified, and a preliminary HAZOP enables members to acquire sufficient knowledge about the studied system. The plant is divided

...outube|https://www.youtube.com/watch?v=yVgxZnRT54E|350|right| Introduction to Scenario Planning <ref name="caplice"/><ref name=boasson>Boasson, Y., (2004 ... where innovation and disruption has had everyone looking for the next way to flip over the table in the ever-changing markets. <ref name="amer">Amer, M.

...d reflect this learning back into their work. In other words, it will help to unpack complex problems, analyze stakeholder influence and understand pathw ...ul-when-used-to-plan-the-whole-policy-research-initiative/''] ''ROMA, used to plan policy change''</ref>

... technical, economic, environmental and political (STEEP) trends are going to affect it. The holistic integrated pictures of the future assist companies to both quantify and qualify their future policies and strategies creating an

...ial to address adjustments, optimizations, risks, limitations etc. related to a project at the very start. Hence a FS is an optional first stage of a pro ...of programs, but for the single projects included it will only be sensible to carry out FS for the latter type. For simplification, the aspects of a FS w

...eporting is the process of tracking, reviewing, and reporting the progress to meet the performance objectives defined in the project management plan. ...mation should be available in a time range that allows the project manager to eventually take effective corrective actions <ref>Project Management: Plann

...d the many uncertainty’s in a project. How to deal with human factors on projects will be the focus of this article. ...’s open culture and dynamics of company’s forces the work environments to constantly reform and evolve the workgroups. Because these groups often are

...n optimisation of scheduling and resource usage. Each task can be assigned to a specific resource (team member or employee) on a specific date in the cal ...or coordination and task allocations within development projects, semester projects (project conducted by 4-7 students during a semester term), or a bachelor/m

...ope creep are transparency, good planning and overview. Suggestions on how to handle scope creep are also given, if this is unavoidable. ...''how’s''” and is more focused on the work that needs to be completed to deliver a product, result or service. Product scope is on the other hand th

...yright infringement on the site, please inform thereof by sending an email to ophavsret@dtu.dk.'' ...ennsylvania: PMI, 2008, Chapter 3, 59) </ref>. Project success is relevant to project cost, completion date, customer expectations, performance, quality,

...intuition and reasoning. It is important to be wary of impulsive reactions to a situation, since hasty decisions may have big impact on a project, progra ...ined a set of decision-making skills which will help groups or individuals to choose the best possible alternative.

...ly developed by the car manufacturing company Toyota. It is often referred to as the 3 M's of waste in lean manufacturing. Lean manufacturing or lean production refers to a methodical approach to eliminate wastes in a manufacturing company without reducing productivity.

...cts that starts and ends, are the capabilities of the persons who lead the projects, the project managers. ...t the candidate is the right person. Even a track record of many completed projects are not a guarantee that the project manager will not wreck the organizatio

...t helps with the identification of benefits and their criteria in relation to specific organisational aims or objectives.<ref name=" Breese " /> ... the cost is significant higher than the value of the benefits, it is hard to justify its execution. By conducting a benefits map, the end document will