The method of Network Risk Assessment based on the Extension Engineering

Abstract

With the fast paced development of the network planning techniques, its application in the project management area is gaining momentum. The practice of network planning in real life projects is affected by a variety of risk factors. In order to better estimate project status with network planning techniques, the article proposes a methodology to quantify the degrees of risks and to take precautions during project execution to minimize the risk related costs and to achieve the project objectives. This methodology performs an overall evaluation of the risk factors through the extension engineering method, considering the unpredictability nature of the continuing effect of the risk factors on Program Evaluation and Review Technique (PERT)