Probability

Project Management under Uncertainty

Project Management under Uncertainty

The objectives of the project scheduling are to determine the earliest start and finish of each task in the project.

The aim is to be able to complete the project as early as possible and to calculate the likelihood that the project will be completed within a certain time frame.

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The risk of planes crashing due to volcanic ash

The risk of planes crashing due to volcanic ash

This entry is part 4 of 4 in the series Airports

When the Icelandic volcano Eyafjallaj√łkul had a large eruption in 2010 it lead to closed airspace all over Europe, with corresponding big losses for airlines.

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Simulation of balance sheet risk

Simulation of balance sheet risk

This entry is part 6 of 6 in the series Balance simulation

Which hedging strategy the company is to choose demands knowledge about what covenant is the most at risk. How likely is it that the company will face a breech?

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Uncertainty – lack of information

Uncertainty – lack of information

This entry is part 3 of 6 in the series Monte Carlo Simulation

Every item in a budget or a profit and loss account represents in reality a probability distribution.

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Risk – Exposure to Gain and Loss

Risk – Exposure to Gain and Loss

This entry is part 4 of 6 in the series Monte Carlo Simulation

It is first when the decision involves consequences for the decision maker he faces a situation of risk ..

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