This article discusses risk management in project management with a focus on decision trees, utility functions, and multi-criteria decision-making models. It includes solved assignments, essays, and dissertations on topics such as determining utility functions, elicitation sessions, and expected monetary value approach. The article also covers potential construction, operational, and financial risks that may arise when a hospital is located in a remote area abroad.

Decision Making for Tramway System

A local authority in Canada owns a tramway system and needs to make a decision on whether to lower fares and launch a TV advertising campaign to increase passenger numbers.

Expert guidance on risk management in project management with solved assignments, essays, and dissertations. Learn decision trees, utility functions, and multi-criteria decision-making models.

Risk Management in Project Management