Title:	The Impact of Risk Analysis in Project Cost Calculation
Authors:	Novikov, Konstantin Kleinová, Jana
Citation:	NOVIKOV, K. KLEINOVÁ, J. The Impact of Risk Analysis in Project Cost Calculation. In Proceedings of the International Conference on Industrial Engineering and Operations Management. Pilsen: IEOM Society International, 2019. s. 202-213. ISBN: 978-1-5323-5949-1 , ISSN: 2169-8767
Issue Date:	2019
Publisher:	IEOM Society International
Document type:	konferenční příspěvek ConferenceObject
URI:	2-s2.0-85079504002 http://hdl.handle.net/11025/45685
ISBN:	978-1-5323-5949-1
ISSN:	2169-8767
Keywords in different language:	Project;Risk;Costs;Budget;Reserve
Abstract in different language:	Assuming costs have a major impact for decision making of any project, comparing the variety of cost calculation alternatives, this article emphasis the certainty of a risk degree. Risk is generall y taken as part of business and working with affects the financial results of any company. So, it is considered as an uncertain event which leads to the possibility of losing. However, it can also be an opportunity. This research focuses on working with project-related risks, with a developed analyse on costs. In order to build a project budget, it is necessary not only to choose a suitable calculation method but above all is to identify all threats and opportunities and to analyse them thoroughly. Furthermore, it is important to define the procedure by which the risk will be quantified. The output of the study is the design of an appropriate project cost management model.
Rights:	© IEOM Society International
Appears in Collections:	Konferenční příspěvky / Conference papers (KPV) OBD

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