The implementation of the Norwegian Governmental Project Risk Assessment scheme
Based on these findings it is pertinent to ask what went wrong in the implementation of QA2. The idea is sound, but the result is somewhat disappointing.
Based on these findings it is pertinent to ask what went wrong in the implementation of QA2. The idea is sound, but the result is somewhat disappointing.
We know that forecasts based on average values are on average wrong. In addition will deterministic models miss the important uncertainty dimension that gives both the different risks facing the company and the opportunities they bring forth.
We believe you know your business best and will in your capacity implement the necessary resources, competence, tools and methods for running a successful and efficient organization.
Still issues related to uncertainty …….
We know that forecasts based on average values are on average wrong. In addition deterministic models will miss the important dimension of uncertainty – that gives both the different risks facing the company and the opportunities they produce.
Most companies have some sort of model describing the company’s operations. They are mostly used for budgeting, but in some cases also for forecasting cash flow and other important performance measures.
The basic determinant of an airport’s economics is the passenger forecast. It is the basis for estimation of aircraft movements, investment in terminal buildings, traffic charges, tax free sales etc.