Quantitative Risk Analysis of VSAT Communication System
Mohammed Tahseen Al Agha · IOSR Journal of Engineering · 2014
Since today's business environment is dynamic and rapidly change, many surprises and risks are taken into account appear suddenly, leading to block the implementation of engineering projects or may cause a total collapse.A risk management plan has been extensively used to deal with threats facing the activities of any organization.It aims to maximize the probability and consequences of positive events and minimize the probability and consequences of adverse events.This paper presents the advantages of using quantitative risk analysis techniques to describe what risk managers will expect and what is required to be done to enhance the performance of the organization.It also provides better information to support critical decisions which help to estimate the size of contingency reserves for time and cost that would be appropriate for stakeholders.The technique will be used in the assessment is based on Expected Monetary Value which is a simple calculation of a value such as expected target of cost, and a decision tree analysis that is a powerful utility for choosing an option from alternatives.