Assessing Financial Risks of Power Plant Project Based on Three Dimensions Model

Document Type : Research Paper

Authors

1 Associate Prof., Faculty of Management Industrial, University of Tehran, Iran.

2 M.Sc. Faculty of Management Industrial, University of Tehran, Iran .

Abstract

Risk could jeopardize obtaining projects’ goals and risk management can be used for minimizing risks’ negative consequences. On the other hand, by using risk management, projects benefit positive risks’ outcome to optimizing final result. Financial aspect of a project is one of the main criteria uses for evaluating a project‘s success, so managing financial risks has high priority for project management team. As recognizing and assessing the risks is the first step of risk management, several methods have been proposed in different standards. This survey evaluates financial risks of construction a power plant by using a new method of risk assessment which is based on 3 criteria: probability, consequences and risk identification.

Keywords

References

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Industrial Management Journal
Volume 4, Issue 1
April 2012
Pages 1-14

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