ABSTRACT

Now that we have discussed the basic concepts of quantitative risk modelling, this chapter puts them to use. It does this mainly through two examples. The first is a continuation of the work in the previous chapter on ABCo and its plans for the future. The second looks at the risk issues associated with a hypothetical privately financed public project, especially from the viewpoint of a potential contractor. These examples can be followed using only the concepts discussed in the previous chapter: probability distributions with their associated S-curves, P-values, expected values and spreads.