Estimating Various Project Risks

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Estimating Various Project Risks

Introduction

The two case studies presented in the book chapter present different methods of calculating and estimating various project risks. These case studies include two case studies of two different projects that utilized various methods to calculate the risks involved in the respective projects. The two projects involved different methods for calculating project risks. While, the first project of the hydroelectric plant measured risks in the form of probability distribution functions and histograms for each risk, the second project of the two-phase irrigation system measured risks inherent in the various activities and tasks that ...