Title: DECISION TREE TECHNIQUE - A USEFUL TOOL FOR THE QUALITY MANAGEMENT OF A PROJECT
Abstract: The paper proposes a valuable technique used in project management - the Decision Tree Technique. The application of the Decision Tree Technique in the paper is based on the concept of opportunity risk. The investment in quality within the project might be affected by the opportunity risk. For generating the decision alternatives was used WinQSB package. Even if it said that quality is ultimately defined by the client and represents how close the project and its deliverables comes to meeting the client's requirements and expectations, quality must be checked up and improved in every stage of the project lifecycle. The purpose of quality management in a project is to first understand the expectations of the client in terms of quality and then put a proactive plan in place to meet those expectations. All projects have some degree of uncertainty due to the assumptions associated with them and the environment in which they are executed. Projects with a higher level of risk require more rigorous risk management and more management focus. Although not all risks can be eliminated entirely, most can be anticipated and managed ahead of time. Generally, the risk refers to future conditions or circumstances that exist outside of the control of the project team that will have an adverse impact on the project if they occur. However, our paper, proposes a more specific kind of risk: the opportunity risk (the positive risk). The purpose of risk management is to identify the risk events for a project and then establish a risk management plan to minimize the probability that the risk event will harm the project. The objective of risk management 1
Publication Year: 2008
Publication Date: 2008-01-01
Language: en
Type: article
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Cited By Count: 1
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