ABSTRACT
This chapter introduces a new approach to analyzing schedule risk and contrasts it with the traditional approach that is presented. For the risk drivers approach: The risk driver method is in some sense an extension of the probabilistic branching and activity existence methods introduced in, since it deals with individual risks as the driving forces affecting the overall schedule. It is the risks thought to be important influences on the project's schedule that we are concerned. The chapter explains and demonstrates the method using: Risk drivers are expressed in the traditional way that we describe risk events, with probability of occurring and impact if they do occur. The risk driver's method assesses the impact of the risks, acting through all of the activities to which they are assigned, on the total project outcome. The chapter introduces a new approach to schedule risk analysis, the risk driver method.
