Does Lost Time Cost You Money and Create High Risk?

摘要

The aim of the case study is to express the delayed repair time impact on the revenues and profit in numbers with the example of the outage of power plant units.udMain steps of risk assessment:ud•creating project plan suitable for risk assessmentud•identification of the risk factors for each project activitiesud•scenario-analysis based evaluation of risk factorsud•selection of the critical risk factors based on the results of quantitative risk analysis ud•formulating risk response actions for the critical risksud•running Monte-Carlo simulation [1] using the results of scenario-analysisud•building up a macro which creates the connection among the results of the risk assessment, the production plan and the business plan.ud