ISSN (0970-2083)

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Review Article Open Access

PROJECT RISK ANALYSIS AND MANAGEMENT DECISION-MAKING IN DETERMINING THE PARAMETERS OF ORE QUARRIES

Abstract

Project risk management decisions are processes related to identification, risk analysis, and making design decisions, which include maximizing the positive and minimizing the possible negative impact of their implementation. All these routines interact with each other and with other ways. Each procedure is executed at least once in each project. Despite that the procedure presented as separate elements with welldefined characteristics, in practice they may overlap and interact. The problem of precision and reliability design solutions characteristic feature of the current phase of development in all spheres of material production, including the mining industry. Improvement of design reliability of quarries there is a wide range of outstanding issues. Uncertainty of first information leads to uncertainty in decision-making, uncertainty is determined by the approach to solving the problem and may be caused by ignorance. This situation is typical of transactions in which the natural environments play a role of uncontrollable factors. In other cases, uncertainty arises as a result of organized resistance. The uncertainty of the reference information the greater the farther removed the time period that you want to consider it a problem. In justifying the decision in terms of the stochastic nature of the source of project information always remains an element of uncertainty. In this connection, unwise to exactly such decisions of high requirements. Instead, to uniquely identify a single solution, it is advisable to select proper solutions, within which it is possible to conduct the last choice of specialists.

ALEKSANDR SERGEEVICH SEMENOV * AND MARINA NIKOLAEVNA KRUK

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