Using Program Evaluation and Review Technique Essay Example
The PERT network, typically used to analyze activity sequences for achieving goals, determines completion times for processes by interpreting events as points in time. This methodology presents valuable probability techniques for management to assess risk factors. However, a modified PERT network can be utilized for evaluating risk factors to determine the risk associated with each activity and the overall risk of the system. This modified methodology can be applied to manage nuclear and chemical process facilities, evaluating the overall operation rather than losses in a single material balance area. An organized approach to identifying risks associated with a program comprises finding real risks beyond just schedule and cost. Risk events are events that may benefit or harm a program while opportunity events describe risks that favorably
...impact the program. It is imperative to describe these risk events in depth. To evaluate potential risks, risk categories, and mitigation techniques for nuclear and chemical process facilities, a modified PERT methodology can be used. One such application is safeguarding problems associated with nuclear materials.Nuclear materials are comprised of nodes which are categorized as material balance areas, and arcs which indicate the risk factors involved with nuclear materials. The most severe risk factor is theft or loss of the material, which could result in material leakage into the environment, causing pollution and other negative effects. The accumulation of nuclear waste can eventually lead to dangerous amounts of radioactive material. Appropriate risk mitigation techniques can be used to prevent these high-risk factors from occurring.
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