Comments for The Psychology of Risk and How It Relates to Project Risk Management at http://www.projecttimes.com , comment 1 to 4 out of 4 comments http://www.projecttimes.com Sat, 31 Jul 2010 03:03:36 +0100 FeedCreator 1.7.3 http://www.projecttimes.com/articles/the-psychology-of-risk-and-how-it-relates-to-project-risk-management.html#comment-195 Equally important is getting the risk into metrics our partners can clearly understand. Far to often qualitative measures, such as "High, Medium, Low" or "Red, Yellow, Green" are assigned to a project without a quantitatvie measure. In business the common language is finance so calculating your risk to a currency value will have the biggest impact to the broadest audience. What is "Red" to you may be "Green" to me but $100,000.00 is a $100,000.00 anywhere you go in the organization. - chadmarshall Sat, 11 Apr 2009 12:55:54 +0100 http://www.projecttimes.com/articles/the-psychology-of-risk-and-how-it-relates-to-project-risk-management.html#comment-179 Treatment C looks like a fact not a posibility and has no chances to live associated. Really diferent than treatement D. - german_v_t Mon, 30 Mar 2009 15:49:18 +0100 http://www.projecttimes.com/articles/the-psychology-of-risk-and-how-it-relates-to-project-risk-management.html#comment-178 This is a fun article, and I understand the point. Even the the math was a little bit off. Very nice. Think about the stats about the risk of dying from a drinking and driving incident. Compared to some more scary but more talked about ways to die like from flesh eating disease. - matthew.hall Thu, 26 Mar 2009 16:34:22 +0100 http://www.projecttimes.com/articles/the-psychology-of-risk-and-how-it-relates-to-project-risk-management.html#comment-177 If treatment D is followed, the expected outcome is 400,000 deaths, verus 600,000 with treatment C. Thus, the expected outcomes are not the same. - Macl01 Thu, 26 Mar 2009 13:42:37 +0100