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Dunne, Elena S. "Project risk management| Developing a risk framework for translation projects." Thesis, Kent State University, 2014. http://pqdtopen.proquest.com/#viewpdf?dispub=3618898.
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In the current global business environment many endeavors are undertaken as projects. Translation, localization and other language services are no exception and must be viewed and studied as services performed in a projectized environment. If they are not, there will continue to be gaps between the way translation is taught and researched (as an isolated activity) and how it is performed in the business world (as part of projects). The existence of these gaps not only prevents translation practitioners from recognizing and communicating the value of the service that they provide, but also diminishes the value of the training that future translators receive. Lack of understanding of the context in which translation is performed limits the opportunities for mutually beneficial cooperation between translation studies and other disciplines in the academic environment, and between organizations and divisions within a given organization in the business environment.
This study proposes to contribute to the research on translation in project contexts by examining risk management, which is an important area of focus for organizations and professionals in many sectors, but which is largely ignored in the language industry.
This study first provides an overview of the language industry, explores key concepts, such as risk, uncertainty, project management, risk management and maturity model, and explains the role and relevance of risk management in the language industry. It then reviews existing risk management frameworks developed by project management and risk management practitioners, including the framework developed by the Project Management Institute (PMI). Next, a model of risk sources developed specifically for application in translation and localization projects is presented and discussed. The theoretical discussion is followed by a case study in which PMI's project risk management framework is implemented and the proposed model of risk sources is applied in a real-world translation company. The description of the case study methodology is followed by observations of how the study was carried out and by a presentation and analysis of the results of the case study. The dissertation concludes by offering recommendations based on the findings of the case study and by examining possible future avenues of research.
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Dunne, Elena S. "Project Risk Management: Developing a Risk Framework for Translation Projects." Kent State University / OhioLINK, 2013. http://rave.ohiolink.edu/etdc/view?acc_num=kent1368700402.
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Baker, Scott William. "Risk management in major projects." Thesis, University of Edinburgh, 1997. http://hdl.handle.net/1842/655.
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The integration of risk management in major projects within the construction and oil and gas industries has never been more significant especially as these projects are becoming larger and more complex. The increased requirement for risk to be efficiently managed is also supported by the inflated amount of legislation in this area, mainly due to incidents like the Piper Alpha installation in 1988. Hence risk management is developing into a multifarious process which needs continual update throughout the project’s life. Even though the legislation has expanded, there is still no standardisation to which the firms are to perform risk management. Therefore, improvements to the techniques that are used are possible and necessary. Current methods are too conservative resulting in substantial costs and less understanding about the risks themselves. Therefore, more detailed risk management techniques are imperative. This thesis determines the five steps of risk management which are essential to achieve a controlled risk environment. The research involves an in-depth questionnaire canvassing the largest companies within the construction and the oil and gas industries in the UK, who are constantly involved with major projects. The questionnaire ascertains important information which will assist companies in selecting the most pertinent and successful techniques for each of the five steps. A case study from the oil industry is introduced and proposals are made to improve the quantitative risk analysis methodology. This, in turn, will aid the decision making process when confronted with technical risks and will ultimately produce a more controlled risk environment. In addition, valuable information will be gained due to a better understanding of the risks as well as maximising profits. A new risk analysis method is subsequently derived which is based on the use of the @RISK package. It is intended that the results of this thesis will be incorporated in future risk analyses.
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Ma, Shichao, and 马世超. "Stakeholder risk attitudes in safety risk management : exploring the relationship between risk attitude and safety risk management performance." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2015. http://hdl.handle.net/10722/210183.
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A construction project requires a multitude of people with different skills and interests and the coordination of a wide range of disparate, yet interrelated, activities. Such complexity is further compounded by the unique characteristics of a project and many other external uncertainties. As a result, construction is subject to more risk than other business activities. In a risky situation, individuals or organizations perceive the situation in their own ways and behave differently to meet their own interests. Many researchers have asserted that divergent risk attitudes are sources of mismatched risk perceptions and inconsistent behaviors among project participants in different organizations, which can disturb proactive and consistent organizational activities. The research on risk attitude has, therefore, been advocated to exploring ways to consistently arouse people‘s cognition, affection, and behavior among stakeholders. However, previous research has been a widely misunderstood concept and remains a fragmented focus in the construction field. Evidence on the construction of risk attitude and how it manifests itself is unavailable. To date, prior researchers have suffered from an issue-oriented focus that has resulted in simplified models by studying single level of antecedents of risk attitude and consequences of management performance, rather than multi-level. Moreover, previous studies only focused on the direct relationship between risk attitude and management performance instead of providing a profound conceptualization of the indirect relationship between risk attitude and management performance or empirically exploring risk attitude‘s antecedents and consequences. The current study seeks to bridge this research gap.
Triangulation research is employed as an appropriate research methodology in which both qualitative and quantitative data collection are used to test the research propositions. The research plan draws upon ontology and methodological pluralism.
By adopting the Critical Incident Technique (CIT), coupled with an intensive literature review, one can explore the manifestation of risk attitude and its antecedents by analyzing critical incidents derived from preliminary interviews. Cognitive Motivation Theory (CMT) and Social Cognitive Theory (SCT) provide rationales to combine a processed view of risk attitude and the antecedents and management performance of individuals and organizations into a multi-level model of risk attitude. Responses to a questionnaire survey of 239 individuals nested in 61organizations were analyzed with a blend of Confirmatory Factor Analysis (CFA) and Hierarchical Linear Modeling (HLM) to establish and examine the hypothesized relationships in the theoretical model. To capture the practical manifestation of risk attitude and its influence on management performance, case studies of two ongoing construction projects were performed.
The findings summarized from both qualitative and quantitative studies indicated that risk attitude diverged due to the multi-level influences of its antecedents on project participants, resulting in inconsistent risk perception and risk inclinations. Risk attitude has two levels of manifestation – an individual and organization level. Individual risk attitude manifests itself as cognition, affection, and behavioral inclination, while organizational risk attitude mainly shows up as managerial trust, formalization, an ambiguity of goals and objectives, and a merit system. The findings confirmed that motivated individuals tend to present more consistent risk attitude and be more willing to and capable of exhibiting good management performance. The motivation behind this study is beyond the traditional motivational means. It extends from internal motivation with its locus of control and self-efficacy to external motivation with its interpersonal exchanges, external controls, and observational learning. The risk attitudes of motivated people to evoke better management performance, especially in the process of integrating risk management into a safety management system and the outcome performance of a stakeholder‘s satisfaction and potential to organizations.
The research attempts to advance risk attitude theory by re-conceptualizing the antecedents of risk attitude and the consequences of management performance make the underlying theorizing mechanism explicit and testable. This study also provides practical indications of concrete interventions by managers to make risk attitudes converge and then strengthen safety risk management. The thesis contributes to multi-level analysis in the management research field and differentiates the different levels of participants in construction projects. Methodological pluralism and blended qualitative and quantitative research methods will be addressed to demonstrate the different and complementary perspectives of research. Due to limited samples, the generalizability of the findings in the different project types or across other levels needs to be further verified.published_or_final_version
Real Estate and Construction
Doctoral
Doctor of Philosophy
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Maunus, Hanna, and Engøy Ann-Magritt Lindemark. "Risk Managements påverkan för utfallet av ERP-projekt." Thesis, Högskolan i Gävle, Akademin för utbildning och ekonomi, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:hig:diva-16052.
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Titel: Risk Managements påverkan för utfallet av ERP-projekt Författare: Ann-Magritt Lindemark Engøy och Hanna Maunus Handledare: Pär Vilhelmson Examinator: Sarah Philipson Kurs: Examensarbete företagsekonomi C, 15.0 hp Nyckelord: ERP-projekt, Projekt Management, Risk Management, risker i ERP-projekt, lyckade projekt, misslyckade projekt, The Iron Triangle. Syfte: Att undersöka vilka risker som är mest förekommande vid implementeringen av ERP-system och hur risk management kan reducera dessa. Metod: Kvalitativ metod, hermeneutik, fallstudier, semistrukturerade intervjuer, välgrundad teori. Resultat: Organisationens och projektets ledning hade större kunskaper om vilka risker som ville uppstå och olika risk management strategier än andra anställda och slutanvändarna av systemet. Standardisering, samordning och automatisering av organisationens kärnprocesser var huvudsyften för att implementera ERP-system i organisationen. God planering av projektet är avgörande för ett lyckat resultat. Det är viktigt med bra kommunikation och tätt samarbete mellan de olika avdelningarna i projektet, och även med externa konsulter som till exempel leverantören av ERP-systemet. Riskanalys var en viktig del av projektens risk management strategi. En skicklig och flexibel projektledning hade stor betydelse för att risk management strategin fungerade. Resursproblem visade sig vara den största risken i de undersökta projekten. Change management visade sig vara en välanvänd metod för att minska organisationens motstånd mot ERP-projekt. Kostnadsbudgeten var inte det viktigaste målet att uppnå och The Iron Triangle visade sig inte vara så avgörande för om projektet ansågs lyckad eller misslyckad. Organisationerna använda sig mycket av upplärning av användarna för att åtgärda de risker som kan uppstå i samband med personalen. Risk management fungerade för projektledningen som ett verktyg för att åtgärda och även kontrollera projektrisker. Slutsatser: De vanligaste riskerna som upptäcktes i undersökningen var olika slags problem med personalen, tekniska problem, samarbetet med leverantören och kommunikationen mellan olika intressenter, att hålla projektets tidsschema och budget, samt tailoring av systemet och att se till att det fungerar i enlighet med syftet. Särskilt personalriskerna var många och utgjorde stora utmaningar för ERP-projekten. Studien visade även att risk management kan påverka utfallet av ERP-projekt positivt och hjälpa ERP-projekt att uppnå sina mål.Title: Risk Managements influence on the outcome of ERP projects Authors: Ann-Magritt Lindemark Engøy & Hanna Maunus Tutor: Pär Vilhelmson Examiner: Sarah Philipson Course: Bachelor Thesis in Business Administration C, 15.0 hp Keywords: ERP projects, Project Management, Risk Management, risks in ERP projects, successful projects, unsuccessful projects, The Iron Triangle. Purpose: To investigate what risks are most dominant with the implementation of ERP systems and how risk management can reduce these risks. Method: Qualitative method, hermeneutic, case studies, semi-structured interviews, well-grounded theory. Findings: The management had better knowledge about the risks that would arise and different risk management strategies in ERP projects than other employees and end users of the ERP systems. Standardisation, coordination and automation of the organisations core processes were the main purposes for implementing ERP systems in the organisations. Excellent planning of the project is critical for a successful project outcome. It is important to have good communication and close cooperation between the various departments in the projects, as well as with external consultants such as the supplier of the ERP system. Risk analysis was the most important and the most used method of the risk management strategies among our cases. Skilled and flexible project management had a positive impact on the risk management strategy ability to succeed. Resource issues turned out to be the biggest risk in the investigated projects. Change management proved to be a well-used method to reduce the employees resistance against the ERP project. To meet the standards from the cost´ budget was not seen as the most important objective to achieve. It also turned out The Iron Triangle was not a critical factor to determine whether the project in question was seen as a success or a failure. The organisations used training of the end-users to address the risks that may arise in connection with the employees. Risk management worked for the management as a tool to resolve and control the project risks. Conclusions: The most common risks that where discovered in this study was personnel risks, technical issues, the relationship with the supplier and communication between various stakeholders, not to exceed the project budget and schedule, as well as tailoring the system and make sure that it is working as intended. Particularly risks related to the employees constituted major challenges for the ERP projects. Our study showed furthermore that risk management clearly affects the outcome of ERP projects positively and helps ERP projects to achieve their goals.
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Rahman, M. (Mohammad). "Risk management and measurement of risk management performance in complex projects." Master's thesis, University of Oulu, 2018. http://urn.fi/URN:NBN:fi:oulu-201808312690.
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In today’s technologically advanced world, every project, especially large, complex projects are very prone to facing different kinds of risks throughout the project timeline. Project complexity plays a major role in the emergence of numerous risks in large projects. In addition, the complexity of projects is on the rise due to various unanticipated characteristics such as, sudden natural phenomena, workplace accidents, increased material costs, etc. Nowadays, project complexity and its corresponding risks are major contributors to project failure. To minimize the impacts of risk, a good and effective risk management (RM) system must be incorporated into every project. An effective RM system should also include the assessment and measurement of its performance, as this can provide real-time updates about its progress, which in turn can be used to make the RM system more effective and efficient.
The aim of this thesis is to gain an insight into risk management literature in the field of complex projects, along with understanding of project complexity and the importance of measuring RM performance. In first part of this research, an in-depth review of literature concerning project complexity, project RM and measurement of RM performance is presented. This is then analyzed and validated using two case projects as examples. The literature review covers how a project can develop complexity, its underlying managerial actions, the type of risks different complex projects may face, their management plan and finally, the effectiveness of measuring RM performance. Following this, a qualitative case study method is followed, whereby two case projects are analyzed in order to gain insights into their RM and risk performance management procedures.
The empirical analysis and findings of this thesis focus on the importance of RM for complex projects. Through the analysis and discussion, major risks faced by complex construction project, management strategies to mitigate them, RM performance evaluation strategies and the impact of alliance contracting in RM can be understood thoroughly. Overall, this research provides an in-depth overview of project complexity, RM and its performance measurement for large complex projects and it can be used as a basis for further research into RM perspectives in complex projects.
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Simu, Kajsa. "Risk management in small construction projects /." Luleå : Luleå tekniska universitet/Samhällsbyggnad/Arkitektur och infrastruktur, 2006. http://epubl.ltu.se/1402-1757/2006/57/LTU-LIC-0657-SE.pdf.
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Gabriš, Ondrej. "Software Projects Risk Management Support Tool." Master's thesis, Vysoké učení technické v Brně. Fakulta informačních technologií, 2011. http://www.nusl.cz/ntk/nusl-412827.
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Management projektů a jejich rizik je v současnosti rozvíjející se disciplína, která si získává stále větší pozornost a uplatnění v praxi. Tato práce popisuje úvod do problematiky řízení rizik, zkoumání metod jejich identifikace, vyhodnocení a managementu, předcházení jejich následkům a jejich zvládání. V další části práce byla provedena analýza vzorků rizik z reálných projektů, byly popsány metody pro identifikaci a vyhodnocení následků rizik v úvodních fázích softwarového projektu, taktéž byly popsány atributy rizik a navržen způsob jejich dokumentace. V závěrečné části zadání byl navržen a implementován prototyp modelové aplikace pro podporu managementu rizik softwarových projektů.
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Brown, Robert G. "A risk management process for complex projects." Thesis, This resource online, 1995. http://scholar.lib.vt.edu/theses/available/etd-07212009-040553/.
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Muchenga, Isaac. "Political risk management on international construction projects." Master's thesis, University of Cape Town, 2016. http://hdl.handle.net/11427/20676.
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This research examines the micro -political risks affecting international construction projects in Namibia and whether these risks are effectively managed. A case study research design was used for the study and the findings were that key threat risks identified in this context were repudiation, contract problems, labour unrest, hostile press, delay in permit approvals while local ownership requirements and expatriate labour restrictions are both threat and opportunity risks . It further emerged that qualitative (heuristic) techniques were commonly used in an ad hoc fashion for risk assessment and that the risk management strategy of cooperation was the most preferred. In addition, evidence suggest s that the execution phase is most prone to micro political risk. A significant number of the micro -political risks identified arise from the host government, while the balance arise from the host society. These findings are likely to apply to other international construction projects in Namibia and have serious implication s for the role of government in the success or failure of infrastructural projects which are badly needed for national development. Therefore, the Namibian Government can positively contribute through introduction of regulations, laws or amendments to laws that enhance opportunities, minimise downside risk, and thereby reduce overall construction costs on international construction projects in the country. It is recommended that systematic risk management in which both qualitative and quantitative techniques are used for risk assessment, be adopted in dealing with micro political risks associated with international construction projects in Namibia. Additionally, tertiary institutions offering risk management training need to focus on qualitative methods to facilitate maximum benefit when these methods are applied by their graduates. The existence of both threat s and opportunities in the micro -political risk environment in international construction means contractors in international construction need to be on the lookout for downside risks as well as opportunities.
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Wang, Xinyu. "Risk management of PPP projects in China." Thesis, KTH, Fastigheter och byggande, 2017. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-211147.
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This thesis report is aiming to make a literature review on the risk management of PPP projects. At first, 22 risks are identified from different literatures, and next the suggested risk allocations from various literatures are given and get compared with each other. In addition, one more important part in the risk management, i.e. risk mitigation strategy, is collected from some literatures. The risk management of PPP projects will not focus only on Chinese area, but mostly on the management of commonly occurred risks in PPP projects worldwide. Also, the PPP projects will only focus on the infrastructure projects. The scientific research method in this report is mainly qualitative data collection. In the discussion chapter, knowledge risk management is introduced to be added to the risk management of PPP projects. The SECI model and PPP knowledge base are two rational ways of handling risks. They can not only improve the communications and understandings among the stakeholders, but can also tackle many risks and the knowledge gaps. Finally, conclusions will be drawn from the results and the discussions; recommendations for future research will be given.Denna examensarbete syftar till att göra en litteraturstudie om riskhanteringen av PPP-projekt (offentlig-privat samverkan). Först identifieras 22 risker från olika litteraturer, och därefter ges de föreslagna riskallokeringarna från olika litteraturer och jämförs med varandra. Dessutom samlas en viktig del i riskhanteringen, dvs riskreduceringsstrategin, som är samlad från vissa litteraturer. Riskhanteringen av PPP-projekt kommer inte att endast fokusera på kinesiskt område, utan mestadels på förvaltningen av vanliga risker i PPP-projekt världen över. Dessutom kommer PPP-projekten endast att fokusera på infrastrukturprojekten. Den vetenskapliga forskningsmetoden i denna rapport är huvudsakligen kvalitativ datainsamling. I diskussionskapitlet introduceras kunskapsriskhantering som läggs till i riskhanteringen av PPP-projekt. SECI-modellen och PPP-kunskapsbasen är två rationella sätt att hantera risker. De kan förutom att förbättra kommunikationen och förståelserna bland intressenterna, även ta itu med många risker och kunskapsbrister. Slutligen kommer slutsatser att dras av resultaten och diskussionerna. Rekommendationer för framtida forskning kommer att ges.
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Lungu, Able Benson. "Reviewing risk management tools for construction projects and the implementation of project management strategies." Master's thesis, Faculty of Engineering and the Built Environment, 2019. http://hdl.handle.net/11427/31284.
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Purpose - The research reviewed risk management tools for construction projects and the implementation of project management strategies, in which prominence is found in the use of the integrated use of value management and risk management adapted from the Integrated Approach for Soft Value Management. The study was based on a school construction project which was used as a case study at which the researcher’s role is that of ‘Project Manager’. The project status before the study was that it was almost 100% behind schedule and experienced a wide variety of problems ranging from constant site shut-downs due to community protests, contract scope changes, poor quality workmanship and material related setbacks. The study, through literature review, considered some of the methods currently used in the built environment to mitigate unforeseen problems to construction projects and ascertained the extent to which these tools and techniques for risk management on construction projects were used. The idea behind this was to review, document and package the application of a project management strategy that would be suitably effective for resolving the problems faced on the project site. Design – The research design used in this study was the ‘Case study design’ and ‘Experimental design’ in which the ‘Action-research’ approach and ‘Embedded survey within a case study’ were employed on the construction project site, managed by the researcher in his capacity as Project Manager. This was done by organising role-players as participants in focus group workshops facilitated by the researcher where the participants interacted with the researcher and amongst themselves in an effort to identify and find possible problems affecting the project. The researcher introduced stimulating action to project management processes based on the information sourced from the literature review and data obtained from focus group workshops where the outcomes were observed, recorded, analysed and conclusions drawn. Results – The investigation results revealed that the applied management strategies in form of the approach adapted from the integrated use of value and risk management provided a conclusion that the approach was an effective and preferable technique to use in comparison with the commonly used contingencies and float for risk management on construction projects. The above processes also confirmed its relevance as an appropriate technique for risk management of most unforeseen problems which have an effect on the three constraints of time, cost and quality. A further analysis of literature reviewed, which was also supported by other studies previously undertaken, concluded that most professionals in the construction sector such as Quantity Surveyors, Construction Managers, Project Managers and Architects were aware of Value Management but rarely applied it on projects for risk management purposes. Practical Implications – Developing a standard model for the implementation of measures to deal or manage unplanned problems on a project is a challenge as most projects do not have a set model to deal with unforeseen project problems which compels the reliance on contingencies and float. However, any envisaged model must be supported by a quality control system which allows for easy implementation of interventions. The prototype step model conceptualised by the researcher is intended to enable project functionaries and project managers through its unique and easy steps to navigate through any problem which may be encountered on a project. This is regardless of the project phase in which such challenges manifest as there is no preferred model capable of resolving much more than one setback at any given time in comparison with the strategy recommended by this study, which may also be applicable to other sites where similar dynamics exist. Limitations – The study was conducted in a confined environment which required to be confirmed through longitudinal research which is broader and based on many different projects hence the results could not be generalised but only limited to the current project and further research was recommended. The single case study design was also a limitation as the results were not broad enough and were also subjective for generalisation to other project sites. Conclusion – This project management strategy in which the integrated value management approach was used has the potential of being employed as an intervention technique for unforeseen problems related to construction projects provided the processes derived from further research are documented and packaged into a process to be used as a standard model. The project management strategy has the potential to mitigate problems related to time, cost and quality only during the three phases of the project which are, initiation, planning, and implementation and excludes the closing phase to enhance project value. In iii essence, when the project cost and time are effectively managed and reduced, with enhanced quality, the result is an improved project with significant prospects of success.
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Kutsch, Elmar. "The effect of risk mediators on project risk management and the project outcome of information technology projects." Thesis, University of Bath, 2005. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.420884.
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Thomas, Charles. "The role of project risk management in the success of selected Old Mutual projects." Thesis, Cape Peninsula University of Technology, 2005. http://hdl.handle.net/20.500.11838/997.
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Thesis (MTech (Business Administration))--Cape Peninsula University of Technology, 2005Project risk management is concemed with identifying, assessing and responding to uncertainties which could impact project outcomes. These impacts might be positive or negative, although the tendency in business has been to focus on the negative - or downside - risks, Le., those risks which could be potentially detrimental to project outcomes. Risk management requires an investment in time, effort and cost. For this reason, it has to be efficient if it is going to make business-sense. If it can be shown that risk management plays a positive role in supporting successful project delivery, then the case for investing in risk management will be validated. This study focuses on two projects within Old Mutual, to investigate the link between risk management and project success. Both projects had been approved by the company's Strategic Investment Committee (SICOM), which required that they conform to various governance criteria, including that their risks be managed according to a specified process. One of the projects - CRAFT - was deemed by its stakehoiders to have delivered successfully, while the other - SSA - was perceived to have had mixed results. As a precursor to the study, an extensive review of the current literature on project risk management was undertaken. The literature was found to be largely consistent in its definition of project risk management, and to be concerned mainly with developing the processes and techniques for improving risk management in the live project environment. Based on the literature, it was possible to develop an analytical framework for use as a generic tool in evaluating the role which effective risk management practice could have on project success.
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Omidvar, Ali. "Classification of risk mitigation strategies in construction projects." Thesis, University of British Columbia, 2008. http://hdl.handle.net/2429/2704.
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This thesis proposes a classification system of risk mitigation strategies based on literature search and industry interviews. Following that, a list of generic properties was generated to describe individual strategies. In parallel, populating the properties of a large number of identified strategies was attempted. The practical implications are discussed mainly focusing on knowledge management for risk mitigation strategies.
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Kalyviotis, Nikolaos. "Risk Management in Major Construction Joint Venture Projects." Thesis, Umeå universitet, Företagsekonomi, 2015. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-99976.
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The role of risk management in the construction industry is essential due to the complexityand dynamic environment of the projects. To enhance project success, it is important toembed risk management practices in every activity of the project.The research question is “What is the classification of risks of joint ventures projects indeveloping countries and especially in countries that are facing economic crisis?” Theobjective of this thesis work is to assess the risks by creating proper risk probability versusrisk impact matrices and proceed with further analysis and based on the criticality of themand furthermore to allocate the risks and possible bias of the Concession AgreementBased on literature review and the objective of this thesis work, the propositions are thefollowing: “1) All the examined risks have the possibility to exist. 2) Risks, which hugelyimpact joint venture projects, are financial risks. 3) The purpose of the ConstructionContract is to ensure a fair distribution of risks between the parties, determining the parties'rights, duties, responsibilities and obligations in advance. 4) Criticality is an independentvariable from impact and possibility.”Due to the nature of this research and the research objective, the scientific idealimplemented is critical realism. This research is conducted based on quantitative method ofprimary data analysis. A questionnaire was formed in order to be given to the Panel ofExperts from different organizations for the evaluation of the problem.Based on the empirical data and analysis, the author indentified and evaluated the risks ofthe joint venture construction projects in developing countries within the definedenvironment of the consortium, where the state has a specific regal role, based oncriticality, risk probability and risk impact. The analysis of the data was done with the RankReciprocal method (Carr & Zwick, 2007, p.70). In this thesis work, they are identified,individually and also aggregately, the specific risks with high criticality, high probabilityand high impact. The risks of joint venture projects classified with the higher criticality, thehigher probability and the higher impact, aggregately, are: Public Utilities Organizations(P.U.O.) permits delay (due to either Concessionaire's fault, or State's), State defaults (or anExtensive Force Majeure Event creates a State Event of Default), Events of Delay occurduring Design-Construction period affecting that period or the next one (the OperationPeriod), Critical path complications due to Archaeological Surveys revealing antiquities,Delays, inability of State in its obligation to go forth in expropriations. Risk managers canfocus on those risks and ensure the success of risk management and project control.
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Barber, Richard Information Technology & Electrical Engineering Australian Defence Force Academy UNSW. "An investigation into the role of internally generated risks in complex projects." Awarded by:University of New South Wales - Australian Defence Force Academy, 2008. http://handle.unsw.edu.au/1959.4/38903.
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Projects are important to society, and yet they often fail. This is despite the application of widely accepted project management standards, training, and processes. In this context, there is growing awareness that projects are often highly complex and therefore cannot be managed effectively solely by using process-based project management techniques. An alternative approach is now emerging, and that is recognising and dealing with the dynamic complexity, feedback and uncertainty inherent in most large projects today. When a project does fail, it follows that there has also been a failure in the management of risks to the project. Given this, it is possible to obtain insight into failures in complex projects by investigating how risk is managed. During this research, the management of internally generated risks in projects was of particular interest. These are the risks that projects create for themselves by the way they are set up or operate. If it is established that such risks are common, important and not well managed, it could provide valuable insight into why projects fail. Nine complex projects were investigated to identify, document and analyse internally generated risks to their success. Using data gathered from workshops and confidential interviews, five hypotheses were tested to understand the role played by internally generated risks in projects. A key part of the research method was the use of risk maps, an adapted form of cause-and-effect diagrams, as the basis for the dialogue necessary to create a shared understanding of each risk. Statistically significant results were obtained to support the conclusion that internally generated risks are common in complex projects, have the potential to significantly impact upon project success, and yet are generally poorly managed. It was also concluded that internally generated risks are important as a class of project risk, with potentially large impacts upon the success or otherwise of complex projects. Given this, further research to better understand how such risks arise and how they can be recognised and managed is appropriate.
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Da, Silva Tiago Ferreira. "Risk identification and project approval: an importance-performance analysis of taxonomy-based risks in Information Technology projects." OpenSIUC, 2010. https://opensiuc.lib.siu.edu/theses/355.
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The dissemination of project management practices is consolidating project as a great mean of achieving an organization's strategic plan (PMI, 2008, p. 10). But there are no resources and funds available to all, and competition among alternative projects is increasing. Funding institutions, government agencies, and credit rating organizations started considering project risk in project evaluation, instead of only using financial metrics such as ROI (Return on Investment) or NPV (Net Present Value). In order to obtain resources needed to implement projects, and thus contribute to an organization's objectives, it is necessary to identify the risks that have greater influence on project approval. This study applied the Importance-Performance Analysis (Martilla & James, 1977) to identify the main risk identification deficiencies for Information Technology (IT) project managers who apply for resources or funding approval. The identification was made possible by measuring IT project managers' perceptions of (1) the level of importance, or positive influence, which different risk categories have in project approval; (2) the level of performance they believe to have in the identification of these risks, meaning prior detection and registering; and (3) the gap between the measured levels of importance and performance. A survey listing 28 risk categories belonging to a validated risk taxonomy and 5-point Likert scales with different levels of importance and performance were presented to IT project managers from the central Illinois area. A total of 38 professionals answered the survey instrument, and verification of exclusion criteria resulted in an adjusted sample of 32 subjects. Descriptive statistics were used to compare mean values for each category, determining the gap between importance and performance levels for every category. The risk categories that presented the top three scores for importance were Scope uncertainty, Legal/regulatory, and Financial. The risk categories that represented the three greatest deficiencies or gaps (importance versus performance) for IT project approval were Contractual, Complexity, and Scope uncertainty.
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Yan, Changjun. "Risk management strategy of construction projects in China." Thesis, University of Bedfordshire, 2006. http://hdl.handle.net/10547/338912.
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Embarking on a construction project means taking a risk. Project risk management (PRM) provides an effective approach to improve decision making and minimise project risk. Project risks may not possess the same level of significance for different countries, markets and projects. Current research on PRM in China has been rather theoretical, addressing technology issues. Considering the current practice in the Chinese construction industry (CCl), the PRM needs understanding and support from the industry and a mature market environment. This research aims to establish PRM strategies for identifying and adopting the best practice to provide practical guidelines for the CCl, thus improving the PRM, motivating the reform of the Chinese construction market, and enabling the CCl to function in the competitive environment of globalisation. An extensive literature review and a number of case studies for construction projects in China have been conducted, addressing issues closely related to the research. A systematic analysis is employed and developed for project planning and decision making. Contractual risks are considered as the first step and catalyst for improving the PRM in the CCl. Built on the findings from the case studies and analysis, the research puts forward a framework of contractual risk management to study the concept, identification and classification of contractual risks. Contract interfaces are analysed for contractual risk management under various project procurement routes (PPRs). The potentially large improvements to the PRM and reform of the Chinese construction market from the introduction and application of innovative PPRs and their contractual conditions are addressed. Two mathematical models -a probabilistic analysis model and an effective information entropy model for key contractual risks -are presented. The validity and applicability of the models are demonstrated with sample data for the CCl. Detailed recommendations and guidelines for the implementation of the proposed strategies are suggested.
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ALMEIDA, Marcos Antonio Martins de. "Risk management in complex projects using decision theory." Universidade Federal de Pernambuco, 2012. https://repositorio.ufpe.br/handle/123456789/5986.
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Previous issue date: 2012O gerenciamento de projetos complexos em um mundo altamente competitivo, tornouse um desafio para os decisores e executivos mundiais. O surgimento de inovações tecnológicas cada vez mais rápidas, juntamente com a velocidade das mudanças do mercado e restrições das mais diversas ordens, requerem cada vez mais do gestor, ações de conhecimento e maturidade para lidar com essas situações. O uso de técnicas de gestão e ferramentas adequadas, são requisitos necessários nos dias de hoje para vencer as dificuldades frente aos cenários que muitas vezes surgem diante da administração desses projetos, onde o objetivo principal é atingir e satisfazer os fatores de sucesso do projeto, condicionados e observados os atributos mínimos como: escopo, prazo, qualidade e custo. Este trabalho propõe políticas e estratégias que se enquadram nas técnicas executivas de gestão, na identificação, monitoramento e medição dos riscos ao longo da implantação dos projetos em decisões sequenciais. Parâmetros são utilizados para o efetivo gerenciamento dos riscos com a incerteza sempre presente nos cenários considerados. As principais fontes de riscos serão analisadas. São utilizados constructos da Teoria da Decisão, como a edução e a análise da função utilidade de decisores dos projetos, além do cálculo dos riscos inerentes ao gerenciamento de projetos complexos. Métricas são propostas para a avaliação dos riscos na tomada de decisão ótima. Serão consideradas a identificação e minimização dos impactos que possam surgir ao longo da execução dos projetos. Estudos de casos também serão analisados
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Li, Bing. "Risk management of construction public private partnership projects." Thesis, Glasgow Caledonian University, 2003. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.270518.
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Harthi, Bader Ahmed Al. "Risk management in fast-track projects : a study of UAE construction projects." Thesis, University of Wolverhampton, 2015. http://hdl.handle.net/2436/579553.
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This thesis is about risk management in fast-track construction projects. The aim of the study is to identify the risks in the UAE construction industry, understand how they are dealt with, and propose more effective frameworks for risk management in fast-track construction. A mixed method approach was used to fulfil the objectives of the study. 65 questionnaires were distributed to professionals in the construction industry, including contractors, sub-contractors, project managers and private consultants. Their responses were analysed using statistical techniques, and the results taken for discussion to a focus group of eleven experienced construction managers and experts. Secondary data was also collected via literature reviews of print and website articles, and of books and documents from company, government and industry-specific databases. The findings show that risks in construction projects can be internal or external, and that in the UAE, owner- and design-related risks are seen as the most significant. Knowledge about risk management is present, but more needs to be done to eradicate the problems associated with poorly managed fast-track construction projects. Using the suggestion of the focus group, a framework for risk mitigation was developed based on the Alien Eyes’ risk and Qualitative Risk Management models. The study discusses the implications of risk management for practitioners and academicians in the construction industry. Poor risk management, which is usually the consequence of inadequate recognition of and/or responsiveness to risks and uncertainties, can have a devastating impact upon projects. It is hoped that practitioners applying the findings and suggestions in this study will see positive change, improved profitability and greater competitive advantage as a result.
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Al-Azemi, Khalid. "Risk management for build, operate and transfer projects within Kuwait." Thesis, Loughborough University, 2012. https://dspace.lboro.ac.uk/2134/10979.
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Infrastructure projects, based on the Build-Operate-Transfer, (BOT), method, have been of interest to governments of developed and developing countries for some time, resulting in their worldwide use. Using the BOT method enables governments to reallocate risks and rewards to the private sector for larger infrastructure projects throughout the projects' operating life. In order to implement a BOT infrastructure project successfully, one of the essential requirements is to carry out a thorough analysis of risks relating to the project including the social, economic, environmental, political, legal, and the financial aspects. Due to the fact that the type of risk study required for large-scale projects is so sophisticated, and therefore expensive and time consuming, the government, due to lack of expertise and time, often obtains a project viability study from the private sector. This can cause problems in that the private sector may incur financial losses or even bankruptcy, unless the host government guarantees compensation to the losers of the bid. Because all parties have different targets which they wish to achieve from the project, a may conflict arise and cause lengthy negotiations, sometimes lasting for years which often result in the death of the project. The greatest opportunity for a successful outcome for a BOT project is obtained when the extensive efforts and costs involved in the risk study process are shared by all parties. The responsibility of the decision maker is to identify, understand and analyze the many risk factors both, qualitative, (linguistic in nature) and quantitative, that will affect funding, procurement, developing, construction and operation, before proceeding with the build stage of the project. Firstly, it is necessary to evaluate the quantitative Risk Factors subjectively, and list them in order of importance. Secondly, conduct an evaluation of the qualitative factors and since the consideration of qualitative factors is subjective, the decision maker will often limit the number of factors being evaluated possibly resulting in inconsistent results. This study proposes a decision framework, which would be useful in determining the influence of the qualitative Risk Factors on the project management of BOT infrastructure projects. A methodology is provided to enable the identification of interrelationships between the Risk Factors and their influence on the project. Using Analytical Hierarchy Process (AHP) techniques, which model the relationships between the Risk Factors, a validation of this approach will be sought using a decomposed evaluation method and also information obtained from three existing case studies, (the Channel Tunnel, Sulaibiya Wastewater Treatment and Reclamation Plant and Marsa Allam Airport). The results of the decomposed approach were compared to experts' holistic evaluations for the same case studies mentioned above. The findings indicate that the decomposed approach showed a strong correlation to the holistic approach. An evaluation of the risks for the Sulaibiya Wastewater Treatment and Reclamation Plant study is provided and suggestions made to highlight risks attached to such a project before it is actually undertaken. Using the decomposed approach enables the decision maker to see the contribution of each risk compared to all of the risks in the total project and will help to determine and subsequently minimize or preventing any risk factors and so considerably improving the risk management of the project.
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Cook, Iain Murray. "Risk analysis and management systems in South African construction project management practices." Thesis, Nelson Mandela Metropolitan University, 2016. http://hdl.handle.net/10948/3469.
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Risk management (RM) should be seen as one of the most important functions in the South African built environment. Without the effective management of the risks associated with the industry, the noble vision of a sector that is efficient, profitable, and sustainable cannot be achieved. By embracing tried and tested policies that successfully mitigate risk, industry stakeholders will achieve many project successes, and will outlast any competitors that choose to ignore, or are ignorant of the fact, that the negative impact risk has on projects is inversely proportional to the level of RM employed. Construction Project Management (CPM) practices, realising that there are excellent business opportunities across South Africa’s borders, and faced with a competitive South African market, are engaging with developers and government entities involved in cross border projects in the hope of securing these potentially lucrative African projects. With this move into Africa comes increased uncertainty and risk for these CPM practices, and other project stakeholders. Similarly, CPM practices that have made the strategic decision to remain operational only within South Africa’s borders, are faced with a competitive and complex built environment and industry, made increasingly challenging by a weakening economy, exacerbated by industrial strikes, infrastructure deficiencies and a decrease in industry skill levels. This study reports on Project Managers’ (PMs’) perceptions of project failures and inefficiencies resulting from inadequate RM on projects, including the RM methodologies currently being employed. The study focused on perceptions of PMs who operate within South Africa’s borders, PMs that operate across border into other African countries, as well as PMs who operate exclusively within South Africa’s built environment framework. A study was undertaken incorporating qualitative methodologies via a normative survey. The survey was split into three main phases. Phase one employed the use of a pilot survey executed with the objective of further investigating the main sub-problems to gain more insight into the related issues and challenges. For the pilot survey, PMs were selected based on their engagement in CPM activities within South Africa as well as across South Africa’s borders into other African countries. Phase two of the main survey, with the sample stratum being the Association of Construction Project Managers (ACPM), was aimed at PMs within the ACPM who have engaged, or are engaging, in CPM activities both within South Africa’s borders as well as across South Africa’s borders into other African countries. Phase 3 of the main survey, with the sample stratum being the ACPM, was aimed at PMs within the ACPM who have engaged, or are engaging, in CPM activities within South Africa’s borders only and have not engaged in cross border activities. Survey findings identified the commercial sector and value of the projects undertaken by the practices, the level of risk associated with different client typologies, the link between inadequate RM and project inefficiency and failure, and the importance of RM on projects. Findings also identified that RM methodologies are employed by CPM practices, and that CPM practices generally endeavour to create a culture of risk awareness amongst employees. Further findings indicated that CPM practices may not always understand the risks associated with new industry sectors, regions or countries that they are considering operating within, and that that there is room for improvement regarding the effectiveness of current RM systems. Survey findings also indicated that risk is not always transferred to the correct project stakeholder most suited to managing the risk, and CPM practices are not always able to accurately quantify the costs associated with project risk. Furthermore, it was identified that CPM practices do not always undertaken risk assessments (RAs) at the correct project stage resulting in inadequate risk contingencies allowances, regular risk reviews are not always undertaken for projects, project pre-mortems are seen as valuable tools by CPM practices as a method to reduce future risk, and project post-mortems relative to ‘lessons learnt’ are not always undertaken. Conclusions outline the link between effective RM, project inefficiencies and project failure, as well as the increase or decrease in risk relative to ineffective or effective use of risk identification and management methodologies for time, cost, and quality factors respectively. Conclusions also outline the fact that although CPM practices generally understand the link between RM and project success, they are not always able to fully comprehend the risks associated with new industry sectors, regions or cross border countries. This indicates that without the adequate identification of risk, the RM process or steps that follow the qualitative risk identification process will have little or no value. This is indicative of the requirement for professional associations to consolidate risk data for industry activities with the aim of improving the level of RM industry wide. Recommendations highlight the importance of the compiling of sector specific risk registers, compiled by the South African Council for the Project and Construction Management Professions (SACPCMP) with registered member input, made available to all PMs via the SACPCMPs online database. Further recommendations include: the engendering, by senior management of CPM practices; a healthy ‘risk aware’ culture, by promoting RM practices aligned with best practice methodologies; the implementation of well balanced and formal RM systems throughout the CPM practice, with the aim of achieving effective RM without overburdening PMs with unnecessary documentation or ‘paperwork’; the attendance of risk conferences and workshops by all CPM practices, aimed at specifically identifying challenges that exist with RM and methods that can be employed to improve the status quo; the attendance of formal risk training courses, by all CPM practices, aimed at improving the knowledge base of PMs relative to effective RM, and the appointment of risk professionals, driven by the monetary value and risk levels of the project, to undertake the RM process and unburden PMs from the task, allowing PMs to concentrate on the other project knowledge areas.
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Crosby, Dave. "Project risk management in smaller software teams." Click here to access this resource online, 2007. http://hdl.handle.net/10292/378.
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This thesis investigates project risk management issues in smaller software teams. Certain gaps in the literature are identified. There is limited literature on what risk management techniques software practitioners use. The studies that are published tend to focus on large software teams. This thesis investigates what risks these smaller teams consider to be important. It also investigates what techniques are perceived to address these risks and how effective those techniques are considered to be. One of those risks is found to be of primary importance, yet this risk is not suggested by the project management literature. This thesis goes on to conduct a more in-depth exploration of that specific risk in the context of these smaller teams Interviews were selected as the most appropriate method to achieve the objectives of the thesis. Nineteen interviews in eight software organisations are conducted to collect data for this thesis. Three different perspectives on project risk were investigated. Those were the perspectives of the; service managers, project managers and developers. Hence a large store of rich information is collated. The results are analysed and a rich set of information is presented in this thesis. As a result of this research it is suggested that smaller software teams may find it useful to consider the 16 risks discussed in this research and how applicable those risks are to their individual organisation. Service managers may need to do more to raise the awareness of the importance of risks associated with ‘customer relationship issues’ within their own organisations. Three risks stood out as areas where future research might be most fruitful. They were; customer relationship issues, introduction of new technology and unrealistic schedules and budgets. Risks related to customer relationship issues were of particular significance and have tended to be over looked in the project management literature. It is submitted that research into standard project risk management approaches may need to be combined with business risk management approaches to gain a full understanding of the risks faced and addressed by these smaller teams.
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SILVA, Fabiana Leonel Ambrosio da. "Análise do Impacto do Gerenciamento de Riscos no Sucesso de Projetos: Um Estudo de Caso em uma Organização de Desenvolvimento de Software." Universidade Federal de Pernambuco, 2017. https://repositorio.ufpe.br/handle/123456789/19689.
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A falha na condução dos projetos de software é um assunto que sempre foi uma preocupação para a engenharia de software. Muitas são as iniciativas em melhoria de processo no desenvolvimento de software e gerenciamento de projetos que buscam reduzir estas falhas. Os projetos de software são complexos por natureza e estão sujeitos a uma série de incertezas. Conhecer estas variáveis pode ajudar aos gestores a tomar decisões de forma eficaz e conduzir o projeto ao sucesso. Mesmo com todas as iniciativas para que os projetos tenham sucesso, as incertezas sempre existirão. Essa constatação faz com que a área de gerência de riscos tenha uma importância significativa. O objetivo deste trabalho foi realizar uma análise do impacto do gerenciamento dos riscos no sucesso de projetos de software. A implantação das melhorias no processo de gerenciamento de risco objetivaram também atender aos modelos de maturidade CMMI e MPS.BR. Para isso, foi realizado um estudo de caso em uma organização de desenvolvimento de software. Durante o estudo de caso, a criação de um repositório de riscos organizacionais foi realizada e alimentada com cinco projetos. Um dos desafios deste trabalho foi definir conceitos e medidas objetivas para avaliar os eventos associados com o gerenciamento de riscos e com o sucesso de projetos. Uma avaliação preliminar em 15 (quinze) projetos finalizados foi realizada para entender como o gerenciamento dos riscos de cada um desses projetos, impactou no seu sucesso.
The failure of conducting software projects is an issue that becomes a concern for Software Engineering. There are many initiatives to reach process improvement in software development that intend to reduce these failures. The software projects are complex by nature and are subject to a number of uncertainties. Knowing these variables can help managers take decisions to effectively lead the project to success. Even with all these initiatives for projects to succeed, uncertainties exist. This observation means risk management has significant importance. The goal of this work was to analyze the impact of risk management on the success of software projects. The implementation of improvements in the risk management process also aimed to meet the CMMI maturity models and MPS.BR. In this direction, a case study in a software development organization was conducted. During the case study, a repository with organizational risks was the created and fed with the risks from five projects. One of this work's challenges was to define concepts and accurate measures to assess the events associated with the risk management and project success. A preliminary assessment within fifteen (15) completed projects was performed in order to understand how risk management impact on their success
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Olsson, Gustav. "Learning from previous projects for improving project management practices : Improving project risk management and intra-project communication at Saab Dynamics." Thesis, Linköpings universitet, Projekt, innovationer och entreprenörskap, 2018. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-151075.
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Using certain practices for managing projects is a critical factor in successfully executing projects. For a firm where there are few set practices by the organization for managing projects, project managers have to create their own practices with varying degrees of success. Experienced project managers often have had plenty of time to develop fully functioning practices whereas new project managers struggle to find any practice to use. This thesis examines how learning from previous projects at Saab Dynamics can improve the project management practices project risk management and intra-project communication. Further, this thesis proposes how Saab Dynamics can improve continuous risk management and intra-project communication. A qualitative approach is utilized for this thesis where the data is collected from five separate interviews with project managers from various development projects at Saab Dynamics. The result from the interviews partly contains successful practices used by project managers, such as how to integrate sub-projects or how to manage risks continuously, but also highlights issues for the projects. These findings are analyzed by applying relevant research from the fields of learning in project-based organizations, project risk management and intra-project communication which resulted in a discussion and conclusion providing various recommendations for Saab Dynamics to improve each project management practice. Key findings include that functions are needed to facilitate learning and how post-project reviews need to be structured to transfer tacit knowledge into explicit knowledge, where focus needs to be on documenting using stories. Further, this thesis utilizes a model for risk maturity with five steps where only the top two allow for continuous risk management. To progress to these steps the importance of building a risk culture is recognized where the issue is in communicating the set process of risk management to project managers. Here, having a risk manager is identified as important. Intra-project communication focuses on the areas of information distribution, sub-project integration and communication planning. It was found that the information distribution needs to be balanced between forced and voluntary communication. Moreover, five mechanisms for integration are covered where some are more important for complex projects and some during high uncertainty. Lastly, a model for a communication plan is presented.
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Bonander, Johan, and Hampus Ulriksson. "Risk Management in Residential Construction – An analysis of the risk management process of a Swedish construction company." Thesis, KTH, Fastigheter och byggande, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-190211.
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Risk can be described as the absence of information when a decision is to be made at any time throughout a process. The construction industry is often considered as complex and defragmented due to working in a project based format; with a unique product and a process where there are times when decisions need to be made with insufficient information. Therefore, proper risk management processes can be vital to minimizing risks, maximizing opportunities and securing a successful project process. This master thesis has been conducted at a large Swedish construction company that houses both a constructing unit and a residential development unit. Consequently, the focus of this thesis has been on analyzing the risk management process when a residential project is both developed and constructed by the same company. The purpose of this master thesis is to describe and analyze risk management in a project based organization within the construction industry. The thesis aims to provide a better understanding of how risk management is used in practice but also what underlying factors that can affect risk management processes. The study will include both the perspective of the developer and the constructor; as well as their separate and joint processes facilitating risk management. In regards to the purpose of this thesis, a general risk management model has been used to provide a framework for analysis. This model consists of four steps: risk identification, risk assessment, risk mitigation and risk monitoring. The results from this study indicate that risk management within residential construction heavily depends on the personal knowledge and experience of project members. In turn, this creates discrepancies between how risk management is described in internal documents and how it is utilized in practice. Furthermore, it was found that risk management is considered an important part of the overall project process. However, opinions varied to what extent risk management was actually applied in projects. A reason for this could be that there is no joint understanding within the company of what processes are considered as part of risk management – thus, project members sometimes practice risk management without being aware of it.Risk kan definieras som avsaknaden av information när ett beslut måste tas, vid något tillfälle, under en pågående process. Byggindustrin anses ofta vara en komplex och splittrad bransch då man arbetar i projektformat och med en komplicerad slutprodukt, vilket skapar otaliga tillfällen när beslut måste fattas med otillräcklig information. Därför är en väl fungerande riskhanteringsprocess viktig för att minimera risker, maximera möjligheter och säkerställa lyckade projekt. Detta examensarbete har genomförts på ett av de större svenska byggbolagen som har både bostadsutveckling och entreprenad inom den egna verksamheten. Därmed kommer detta examensarbete att fokusera på riskhanteringsprocessen inom bostadsbyggande då ett och samma företag agerar som både beställare och byggare. Syftet med detta examensarbete är att beskriva och analysera riskhanteringsprocessen inom ett projektbaserat företag i byggbranschen. Uppsatsen har som mål att skapa en bättre förståelse för hur riskhantering används i praktiken, samt för de underliggande faktorer som påverkar riskhantering. Studien kommer att inkludera både beställarens och byggarens perspektiv, samt deras respektive, och gemensamma, processer i relation till riskhantering. Med hänseende till studiens syfte har en generell modell för riskhantering använts för att ge ett ramverk till analysen. Denna modell består av fyra steg: riskidentifiering, riskvärdering, riskhantering och riskuppföljning. Studien visar på att riskhantering inom bostadsbyggande till stor del grundar sig på projektmedlemmarnas personliga kunskap och erfarenhet. Detta leder till att det finns skillnader mellan den avsedda processen för riskhantering och hur riskhanteringsarbetet faktiskt genomförs. Vidare fann studien att riskhantering ansågs vara en viktig del av projektprocessen i sin helhet. Trots detta varierade åsikter kring hur riskhantering faktiskt genomfördes i projekt. En anledning till detta kan vara att det inte finns någon gemensam syn på vilka processer som faktiskt ingår i riskhanteringsarbetet – detta innebär i sin tur att projektmedlemmar ibland bedriver riskhantering utan att vara medvetna om det.
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Choudhury, Siam, and David Almqvist. "Riskhantering i IT-projekt : En kvalitativ studie om arbetsmetoder." Thesis, Södertörn University College, School of Business Studies, 2008. http://urn.kb.se/resolve?urn=urn:nbn:se:sh:diva-1803.
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Many organizations today work in projects, a method of organizing work to provide a clearer focus on goals and more control of every aspect of the assignment. A project is, simply put, a plan to achieve a specific result. In turn, project management means to use various tools and methods to facilitate and streamline the effort towards achieving the goal with the project.
Risk management is the activity that refers to finding, identifying and quantify different types of risks and take appropriate action towards reducing or eliminating these risks to the extent possible. With increased use of projects as a method of working the demands for managing risks better become stronger. The question that this thesis tried to answer was: “What kind of risks does the IT industry think are linked to their projects and in what way does these companies manage these risks?”
Among the project leaders interviewed, the authors could see a great variation in lines of thought and values regarding the importance of risk management and how risk management should be handled. Some interesting observations were made and certain important areas have been brought into the spotlight.
The authors saw that risk management among the IT companies was handled very differently from each other. The variation can be due to the sizes in projects or due to the size of the companies. What the authors have observed shows that most of the companies have a common attitude towards the importance of risk management and are usually very structured in their work with risk management. The authors believes this to be a sign that risk management in IT projects is being taken more seriously now than before and believe that this trend will continue towards more well planned and well structured risk management in the IT industry.
Idag arbetar många organisationer i projektform, en arbetsmetod som medför tydligare inriktning mot resultat och större kontroll över alla delar av arbetet. Ett projekt är enklast beskrivet som en plan för att uppnå ett specifikt resultat. Projektledning innebär i sin tur att man använder sig utav olika metoder och verktyg för att underlätta och effektivisera arbete mot målet inom projekt.
Riskhantering är den verksamhet som syftar till att lokalisera, identifiera och kvantifiera risker av olika slag samt vidta lämpliga åtgärder för att i möjligaste mån reducera eller eliminera dessa risker. Med den ökande användningen av projekt som arbetsmetod ökar också kravet att hantera risker mot projekt bättre. Frågan som denna uppsats sökte svar på var: "Vad anser företag inom IT-branschen att det finns för risker kopplade till deras projekt och på vilket sätt hanterar företagen dessa risker?"
Semistrukturerade intervjuer genomfördes med representanter från fyra företag inom IT-branschen. De fyra företagen verkar inom olika områden och med detta ville författarna få en mer nyanserad bild av hur riskhantering sköts inom branschen. Löpande kontakt hölls med en representant från Öhrlings Pricewaterhouse Coopers (PwC) avdelning för riskhanteringstjänster (RMS). Denna kontakt fungerade som informationskälla. Urvalsmetoden för denna studie var ett omdömesurval. Författarna har efter egna kriterier valt ut och kontaktat projektledare på IT-företag. Kriterierna var att samtliga respondenter skulle ha ansvar för IT-projekt.
Författarna kunde se att det bland projektledarna varierade mycket i tankesätt och värderingar kring vikten av riskhantering och på vilket sätt riskhantering ska skötas. Vissa intressanta iakttagelser har gjorts och det finns viktiga områden som har kommit fram i ljuset genom denna uppsats.
Författarna kom fram till att riskhanteringen hos IT-företag sker på väldigt olika sätt på de företag som undersöktes. Variationen beror troligen både på storleken på projekten och på företagens storlek. Det författarna har sett visar dock på att företagen för det mesta är ganska strukturerade i sitt arbete kring riskhanteringen. Detta tror författarna tyder på att riskhantering i IT-projekt tas på större allvar nu än tidigare och de tror på en fortsatt trend med välstrukturerad och planerad riskhantering inom IT-branschen.
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Ye, Xun. "Evaluation of risk factors of Macau public construction projects." Thesis, University of Macau, 2018. http://umaclib3.umac.mo/record=b3950670.
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Nezafatkhah, Sadaf. "Visualizing risk management data associated with capital expenditure projects." Thesis, University of British Columbia, 2011. http://hdl.handle.net/2429/37663.
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Described in this thesis is an approach for visualizing data associated with the risk management function for large capital expenditure projects. The thesis first explores the current use of data visualization in support of the analytical reasoning involved in the risk management process and then explores some additional images that facilitate the process of extracting information in response to specific analytical reasoning needs. Contributions include casting light on the state-of-the-art of the use of data visualization in support of risk management (i.e. visualization tools that exist) and setting out the kind of analytical reasoning that could be supported by the use of data visualization (i.e. target analytical reasoning based on which visualization tools should be developed). By identifying analytical reasoning tasks of interest, risk visualization tools can be structured to respond to them. A few visual representations of risk related data are proposed and their potential worth is judged by assessing how well they respond to the analytical reasoning tasks of interest. We found that one of the main challenges in representing multidimensional risk data for construction projects is the ability to visualize in a non-cluttered manner the large amount of information contained in the risk register of a full scale project. Therefore, it is important to equip images with interactive features in order to visualize subsets of information (by phase, by product, by participant, and by location.). We have concluded that with respect to the visualization tools suggested, although they respond to the analytic reasoning needs targeted, easily become cluttered when a large amount of information is to be visualized, thus limiting their application.
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Mitchell, Gary F. "Managing risks in complex projects using compression strategies /." Thesis, Connect to this title online; UW restricted, 2005. http://hdl.handle.net/1773/8816.
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Meng, Liuchun. "Risk Management in M-Commerce projects : A Case Study of M-Commerce project in Trollhättan." Thesis, Högskolan Väst, Avd för informatik, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:hv:diva-4356.
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Due to its inherent characteristics such as ubiquity, personalization, flexibility, and dissemination, mobile commerce promises business unprecedented market potential, greater productivity and higher profitability. With this in mind, it is perhaps not surprising that mobile commerce is growing much faster than its fixed counterpart. Unlike e-commerce, m-commerce is personalized and there is a need for a novel approach to evaluating risk management in m-commerce projects. Result in the increase of risks management in m-commerce. Besides the business core activities, the increased use of derivative products by both financial and non-financial institutions and recent events or scandals continue to demonstrate the need for enhanced standards and processes of control over risk. In this thesis, I attempt to introduce a new method for performing risk analysis studies by effectively utilizing the existing risk management process framework with adoptions of analysis approach in m-commerce projects. It will provide a sequencing of the core part of the risk management process into sub-processes for identify context, identify risks, analyse risks, evaluate risks and treat risks in different respects of m-commerce. Moreover, it seems that the integration of risk management process and some analysis method indeed provided very useful new insights. To be able to fulfil the purpose of study, qualitative research method was considered, using an inductive approach of a single case study of m-commerce project in Trollhättan with m-commerce related research literature and scenario for development of restaurant in university west as source of data. Based on the analysis, a number of observations were put forward in the conclusion. To begin with the strategy in relation to management structure will be considered. In addition, the role of information technology security is considered in risk management. Meanwhile, the good governance and risk management according to m-commerce application in risk management system and corporate governance are included in the discussion. In attempt of risk management in the m-commerce projects, this thesis examines the issues in one case of m-commerce project in Trollhättan not only information secure issues and some technical viewpoints in m-commerce project but also from the project management's perspective. The contribution of the thesis will be introducing a new framework/module for performing a risk analysis studies in m-commerce projects domain and a proposal for risk management in the m-commerce projects case of Trollhättan.
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Mohebbi, Amir Hassan, and Ngadhnjim Bislimi. "Project Risk Management : Methodology Development for Engineering, Procurement and Construction Projects - A Case Study in the Oil and Gas Industry." Thesis, Karlstads universitet, Fakulteten för ekonomi, kommunikation och IT, 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:kau:diva-29142.
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This thesis studies the overall parameters affecting projects’ risks and analyze different methodologies of project risk management in order to narrow down and develop a customized methodology applicable for Engineering, Procurement and Construction (EPC) projects in the oil and gas industry. To approach this goal, Bidboland II Gas Treating Plant project was selected as an appropriate case study. This case project has been analyzed by combining various risk management methodologies, and based on this analysis a new methodology was suggested to the company for risk management. Additionally, necessary changes in the organization have been proposed to handle the project risk issues in different levels with higher performance. The developed methodology can be applicable for other companies involved in EPC projects.
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Petrovic, Dario. "Risk Management in Construction Projects : A Knowledge Management Perspective from Swedish Contractors." Thesis, KTH, Fastigheter och byggande, 2017. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-215959.
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Projects within the construction sector is characterized as fragmented, temporary and complex which inherently brings upon risk exposure. Decision makers within the industry need reliant access to information and knowledge in order to manage risks in a sufficient and systematic way. Thus, the implementation of an effective risk management in relation to managing associated project risk knowledge may facilitate successful construction project endeavors. The purpose of this master thesis is to explore and evaluate project risk management within the Swedish construction industry, with the emphasis on the perspective of Swedish contractors. The aim is to examine the recognition and practical adoption of risk management in order to investigate how project knowledge is utilized in the process. The methodology consists of a literature review on risk management fundamentals, the diverse risk attitudes and knowledge management in relation to risk. Data collection and analysis are based on a mixed method approach in which conclusions are made in relation to theoretical groundwork. The empirical data is collected through the usage of an online survey and in-depth semi structured interviews with key professionals within the Swedish construction industry. The results from this research indicate that theoretical models and processes for risk management is fairly unknown within the industry, analogous methods are used within respective organizations but the sharing of definitions and concepts within the industry are absent and the methods are not as structured as described in risk management theory. However, findings suggest that the perception of actors within the industry regarding risk and the risk management process is one of high importance for obtaining project objectives. Furthermore, findings indicate that the interplay between knowledge- and risk management and the incorporation of these processes is underutilized among the contractors and developers.Projekt inom byggsektorn karakteriseras ofta som fragmenterade, tillfälliga samt komplexa vilket i sin tur medför riskexponering. Beslutsfattare inom byggbranschen behöver tillförlitlig tillgång till information och kunskap för att kunna hantera risker på ett effektivt och systematisk sätt. Implementering av en produktiv riskhantering i samband med hanteringen av associerad projektriskkännedom och kunskap kan således underlätta framgångsrika byggprojektinsatser. Syftet med denna masteruppsats är att utforska och utvärdera projektriskhantering inom den svenska byggbranschen, med tonvikt på svenska byggentreprenörers perspektiv. Syftemålet är att undersöka erkännandet och det praktiska utförandet av riskhantering och på så vis undersöka hur projektkunskap utnyttjas i processen. Metoden består av en litteraturöversikt gällande riskhantering, diverse riskattityder och uppfattningar samt kunskapshantering i förhållande till risk. Datainsamling och analys baseras på en ”mixed-method research” där slutsatser görs i förhållande till teoretiskt grundarbete. Den empiriska insamlingen gjordes genom tillämpning av en online-undersökning samt djupgående semi-strukturerade intervjuer med professionella inom den svenska byggbranschen. Resultaten från denna forskning visar på att teoretiska modeller samt processer inom riskhantering är relativt okända inom branschen. I praktiken används likartade metoder inom respektive organisation men definitioner och begrepp skiljer sig sinsemellan, metoderna är dessutom inte lika strukturerade i jämförelse med riskhanteringsteorier inom litteraturen. Fynden i denna studie tyder dock på att uppfattningen kring risk och riskhanteringsprocessen, bland aktörer inom branschen, är att den är av stor betydelse för att uppnå projektmål. Vidare tyder resultaten på att samspelet mellan kunskap- och riskhantering samt dess inkorporering är underutnyttjat bland byggentreprenörer och byggherrar.
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Edwards, Peter John. "A study of risk perceptions and communication in risk management for construction projects." Doctoral thesis, University of Cape Town, 2001. http://hdl.handle.net/11427/5073.
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Alem, Mohammad. "Event-based risk management of large scale information technology projects." Thesis, De Montfort University, 2013. http://hdl.handle.net/2086/11392.
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Globalisation has come as a double-edged blade for information technology (IT) companies; providing growth opportunities and yet posing many challenges. Software development is moving from a monolithic model to a distributed approach, where many entities and organisations are involved in the development process. Risk management an important area to deal with all the kinds of technical and social issues within companies planning and programming schedules, and this new way of working requires more attention to be paid to the temporal, socio-cultural and control aspects than before. Multinational companies like IBM have begun to consider how to address the distributed nature of its projects across the globe. With outlets across the globe, the company finds various people of different cultures, languages and ethics working on a single and bigger IT projects from different locations. Other IT companies are facing the same problems, despite there being many kinds of approaches available to handle risk management in large scale IT companies. IBM commissioned the Distributed Risk Management Process (DRiMaP) model as a suitable solution. This model focused on the collaborative and on-going control aspects, and paid attention to the need for risk managers, project managers and management to include risk management into all phases of projects and the business cycle. The authors of the DRiMaP model did not subject it to extensive testing. This research sets out to evaluate, improve and extend the model process and thereby develop a new and dynamic approach to distributed information systems development. To do this, this research compares and contrasts the model with other risk management approaches. An Evolutionary Model is developed, and this is subjected to empirical testing through a hybrid constructive research approach. A survey is used to draw out the observations of project participants, a structured interview gathered the opinions of project experts, a software tool was developed to implement the model, and SysML and Monte Carlo methods were applied to this to simulate the functioning of the model. The Evolutionary Model was found to partially address the shortcomings of the DRiMaP model, and to provide a valuable platform for the development of an enterprise risk management solution.
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Osipova, Ekaterina. "On enhancing joint risk management throughout a project's lifecycle : Empirical studies of Swedish construction projects." Doctoral thesis, Luleå tekniska universitet, Byggkonstruktion och -produktion, 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:ltu:diva-25895.
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Due to their complexity, construction projects involve significant risks thatmust be managed in order to meet the main project objectives in terms of cost,time and quality. While some risks can be foreseen at the beginning of aproject and allocated among the project actors, other risks are difficult topredict. Moreover, even identified risks may change in scope and requiredifferent types of response. In order to manage such risks successfully,collaborative efforts among project actors are needed. This thesis focuses oncollaborative management of risks in construction projects – joint riskmanagement (JRM) – which is claimed to provide several advantages incomparison to separate risk management by each project actor. An overall aimis to increase the understanding of how JRM can be enhanced throughout aproject’s lifecycle.The underlying studies this thesis is based upon constitute a multiple case studyof nine construction projects, a questionnaire survey and a longitudinal casestudy of three construction projects. Empirical data were collected throughinterviews, observations of JRM workshops and document studies. Theempirical findings show that cooperative procurement procedures, organicmanagement systems and appropriate strategies for addressing agency-relatedproblems enhance JRM in construction projects. Thus they require thoroughconsideration when organizations intend to implement JRM.This thesis provides several contributions to risk management theory. Firstly,the author extends the definition of JRM by including its core componentstogether with associated activities and underlying factors. The extendeddefinition better reflects, and increases understanding of, the nature of JRM.Secondly, the research contributes to discussion of serious drawbacks related to traditional procurement practices by identifying and studying procurementvariables (project delivery method, form of payment and use of collaborationor partnering arrangements) that have a major influence on risk management.In addition, the results of questionnaire survey suggest that cooperativeprocurement procedures in general and collaborative activities in particular arepositively related to the use of JRM. Finally, by framing the empirical resultsin an organizational theory context this research identifies two sets of factorsthat strongly influence the implementation and effectiveness of JRM, related tomanagement system (organic vs. mechanistic), and strategy for responding toagency-related problems. By applying theory on mechanistic and organicorganization to RM, the study pinpoints the importance of managing tensionsbetween control and flexibility when implementing JRM. The author suggeststhat JRM requires a combination of formal tools (aimed at controllingidentified risks) and flexible strategies (aimed at responding to unforeseenevents). By investigating how strategies to handle agency-related problems canfoster collaborative relationships and JRM, this research contributes to RMliterature where few studies have discussed JRM from the perspective of theprincipal – agent relationships.Godkänd; 2013; 20131205 (ekaosi); Tillkännagivande disputation 2014-01-07 Nedanstående person kommer att disputera för avläggande av teknologie doktorsexamen. Namn: Ekaterina Osipova Ämne: Byggproduktion/Construction Engineering Avhandling: On enhancing joint risk management throughout a project's lifecycle: Empirical studies of Swedish construction projects Opponent: Professor Stuart Green, Head of School of Construction Management and Engineering, University of Reading, UK Ordförande: Biträdande professor Per-Erik Eriksson, Institutionen för ekonomi, teknik och samhälle, Luleå tekniska universitet Tid: Fredag den 7 februari 2014, kl 10.00 Plats: F1031, Luleå tekniska universitet
Systematisk gemensam riskhantering i byggprojekt
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Saeed, Muhammad, and Mehmood Ziauddin. "A Structured Approach for Evaluating Risk Impacts in IT Projects." Thesis, Mälardalen University, School of Sustainable Development of Society and Technology, 2008. http://urn.kb.se/resolve?urn=urn:nbn:se:mdh:diva-782.
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Date: 12-June-2008
Authors: Muhammad Saeed – 760721
Västerås – Sweden
Mehmood Ziauddin – 830730
Västerås – Sweden
Title: A Structured Approach for Evaluating Risk Impacts in IT Projects
Introduction: Risk is an integral part of any project and it’s more appropriate to say for IT because it is changing with a very fast pace. Different surveys, reports and researches show astonishing statistics about the risks in IT projects. Through proper risk assessment techniques most of the uncertainties can be reduced while initiating, implementing and improving IT projects. Different authors talk about different risks and different strategies to respond to them. It becomes difficult at times to keep in check all the risks. Often risk management is over hyped, and often it’s totally neglected. Their needs to be a balanced approached in risk management.
Problem: How a structured approach will be beneficial for an organization in assessing risk impacts on IT Projects?
Purpose: The aim of this report is to develop and analyze a structured approach which will permit an organization in identifying & categorizing risks and measuring their impact on IT Projects.
Method: Exploratory research approach is used and data collection is done using secondary sources. Our thesis is qualitative research based. Qualitative research is the one which is not relying on statistical data as compared to quantitative research.
Besides our text books and study material, the main source of information was internet databases and university library from where we read different articles, thesis and books. Majority of the material studied was collected from Mälardalen University Library’s online databases like, Elin@Mälardalen, Compendex, Emerald and Ebrary. We also consulted some books which we got by inter-library loan from Mälardalen University.
Conclusion: With the help of Remenyi’s approach for categorizing risks and Applegate’s approach of measuring risk impact, we have managed to develop a structured approach and reached a conclusion that proper identification and categorizing of risks can be very beneficial for an organization in numerous ways. This systematic way assists top management, project managers, IT & non IT Personnel is taking preemptive measures for managing risks. The benefits it brings is that it gives an equal understanding within the organization and this structured approach gives an in-depth and clear understanding of the risks associated with IT projects.
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Telin, Steven, and Nebil Esmail. "Managing Remote Projects During a Crisis : Game-development and Manufacturing Projects Response to COVID-19." Thesis, Umeå universitet, Företagsekonomi, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-185058.
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Although projects and project management has grown to be increasingly influential in all aspects of business operations, project success and efficiency is often harder to measure and arguably harder to execute. Many projects may often change the course of intent, exceed the initial budget, or even finish later than expected. This causes a great debate on the different ways to efficiently manage projects and what actually works best in practise. According to different scholars, some sides mention that traditional methods where planning is completed at the very beginning is the most efficient way to manage projects, while others mention the use of adaptive methods where planning is not ‘set in stone’. Project management as an academic field is relatively well explored, however as the COVID-19 continues to set restrictions to stop the spread of the virus, academic research to increase the empirical data on project management during the pandemic is needed. This study aims to contribute to this academic field to understand the reasoning behind project management adaptations during the COVID-19 pandemic. Furthermore, this study will aim to gain understanding to the why’s and how’s of common themes regarding how projects have adapted. The industries this study will focus on will be the Swedish game-development industry and the Swedish heavy industry. Based on a literature search and review on project management evaluations methods, leadership styles, risk and crisis management, and project management methodologies, semi-structured interviews took place with CEO’s, project managers, and other senior managers in decision making positions, representing a total of six firms with three from each industry. The respondents were categorized based on their industry and if their project was completed or not. The analysis showed practical similarities in the implementations between projects, such as hygienic aspects in the workplace, remote working, and other practical implementations from the guidelines of the Swedish health authorities. The analysis also found the common theme of project responses being external threat recognition followed by the adaptation of remote working, the expansion of communication and finally the closure of the project. the analysis did however find smaller variations depending on the size of the firm and industry, such that smaller projects did not always need a firm wide remote working unit and that heavy industry projects leaned towards traditional project management methodologies with hints of agile methods, while the game-development projects quite explicitly used agile methods. While the study does contribute to the academic field of project management with empirical data and may provide guidance in future pandemics and similar situations, further research is needed in order to gain a full understanding on the pandemics effect on projects in Sweden, especially through a study covering a larger study size.
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Motaleb, Omayma Hashim. "Development of a risk response model to handle delays of construction projects in the United Arab Emirates." Thesis, Robert Gordon University, 2014. http://hdl.handle.net/10059/1009.
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Due to the complex nature of construction projects, delay risks are more widespread in the construction sector than elsewhere. This poses a problem for the industry, since it is already at risk because of the recent global economic recession. Indeed, the financial crisis in late 2008 arrested economic development in the construction sector in the United Arab Emirates (UAE), with the result that investors’ confidence in the sector is severely depressed. In this situation, effective risk response is urgently required, since it aims to ensure that all project objectives, including avoiding delays, are met. In itself, the risk response process is a core element of risk management and perhaps the most important area needs to be improved. The aim of the research work that underpins this thesis was to develop a model for effective risk response to help in controlling delay risks. First, the strengths and weaknesses of current risk response processes have been analysed through a comprehensive critical literature review. Common causes of delay risks have been identified and various traditional measures used for their control have been critically reviewed. The greatest deficiencies in all published measures of delay risks control in construction projects are related to the lack of risk response development and appropriate measures (preventative/mitigating), within the risk management process. From the literature review it was also possible to identify the most appropriate methodology to adopt for the current research. A robust research methodology was then outlined which involved a questionnaire survey, case studies and interviews to confirm the literature review results and to achieve the research objectives. The questionnaire was piloted with nine construction professionals in the UAE for its suitability with the envisaged sample. After the pilot the questionnaire was refined then administered in 35 construction, consultancy, and contracting companies, attracting 102 usable responses. The results of the questionnaire confirmed the literature review results. Accordingly, six case studies from three companies were identified and supplemented by face-to-face interview, documents and direct observations. This strategy allowed the research evidence to be triangulated and thus the researcher to be more confident in testing a particular concept or theory. From the results it emerged that most organisations have immature project management systems and poor risk response processes. Hence, 22 Key Success Factors (KSFs) of preventative measures and 15 KSFs of mitigation measures were identified to achieve risk response development by maturity levels in the pre-construction stage and in the construction stage, respectively. The analysis of the case studies revealed the great potential for employing five KSFs of mitigation measures in the risk response development to control delay risks. Having considered these outcomes a risk response development model to control delay risks has been outlined. The model has been carefully validated, both theoretically and in practical terms, through the discussions with interviewees from the selected case studies. The interviewees agreed on the practicality of the model to identify the risk response development, however it is recommended that the project risk event severity and the company capability would need to be taken into account, and the demand to format the test stage for the maturity levels at the transition stages (Disciplinary, Consistency, Integration, and Optimisation) to achieve the effectiveness and the transparency of the model. Based on the validation, it is anticipated that by developing the risk response model, the process itself will be more objective, particularly in delay risks control. The study brings forward findings that can be promoted as the means to enhance opportunities to control delay risks, and benefit practitioners in the UAE given that so far, there has been no model of risk response development by maturity levels for delay risks control. Moreover, one of the unique features of the study is the creation of new knowledge by focusing on the UAE. At the same time, the use of maturity modeling to handle construction delay risks provides new knowledge for a wider audience.
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Ceric, A. "A framework for process-driven risk management in construction projects." Thesis, University of Salford, 2003. http://usir.salford.ac.uk/2184/.
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This thesis describes the development of a framework for a systematic approach to risk management in construction projects, whose application in construction practice would lead to changes and improvements in the construction industry. To verify and apply the framework in future construction projects, the author developed the PPRisk computer programme as IT support. Before showing how the framework was developed, there is a survey of what has been written on the subject and a systematic analysis of risk management, risk in construction and process in construction. This led to the conclusion that realising a construction project is a process and that the risk management process should be subordinated to the construction process. A new approach was therefore introduced to managing risks: process-driven risk management. This approach will give all the participants in the project better understanding of the construction process, enable changes in the construction industry, and contribute to improvement of quality and efficiency in construction. An analysis of published plans of work showed that the Construction Process Protocol, developed at the University of Salford under the leadership of Professor R. Cooper, is suitable and appropriate as a construction process in which the framework for process-driven risk management can be placed. Process-driven risk management implies a cyclical risk management process in all the phases through which the construction project passes according to Process Protocol. Key risks are identified in the framework, which are independent of the size, type and purpose of the project being realized. Project related risks should be separately identified for each specific project. Depending on available data, quantitative and qualitative analysis is carried out for the identified risks, their risk probability and risk impact determined, and the corresponding risk exposure calculated. Then the adequate risk response is given for each identified risk, depending on its exposure. As the process unfolds new risks appear in each phase and the risk management process begins a new.
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Cao, Xuke. "A cross-culture study of risk management in software projects." Thèse, [Rimouski, Québec] : Université du Québec à Rimouski, 2006.
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Thèse (M. Sc.) - Université du Québec à Rimouski, 2006.Titre de lʹécran-titre (visionné le 23 avril 2007). Mémoire présenté à l'Université du Québec à Rimouski comme exigence partielle du programme de Maîtrise en gestion de projet. CaQRU CaQRU Bibliogr.: f. 53-58. Paraît aussi en éd. imprimée. CaQRU
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Bucher, Ralf. "Strategic risk management for tidal current and wave power projects." Thesis, University of Edinburgh, 2018. http://hdl.handle.net/1842/31297.
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Tidal current and wave power, as emerging forms of renewable generation, represent innovations that are confronted by significant technological and financial challenges. Currently, the marine energy sector finds itself in a decisive transition phase having developed full-scale technology demonstrators but still lacking proof of the concept in a commercial project environment. After the decades-long development process with larger than expected setbacks and delays, investors are discouraged because of high capital requirements and the uncertainty of future revenues. Although ideas for improving the investment climate can be found, there is a lack of well-founded arguments and coordinated strategies to work towards a breakthrough in the marine energy market. The objective of this research is to provide stakeholder-specific prioritised strategy options for de-risking the commercialisation of tidal current and wave power technologies. A key principle applied is to integrate a wide knowledge spectrum comprising the technology, policy and financing sectors and to compile the information in a holistic and transparent manner. To gain a broad understanding of the characteristics of presently ongoing marine energy activities and the correlated strategic planning, a comprehensive survey was conducted. Based on this multidisciplinary attempt, an all-encompassing appraisal was possible by avoiding over-concentration on stakeholder-specific views or interests. System dynamics modelling was employed to develop a series of cause-effect relationship diagrams of the key interactions and correlations in the field. It was revealed that the circular relationship between two major risks for array-scale projects - reliability and funding - requires coordinated action to overcome. As funding is necessary for improving system reliability (and vice-versa), showcasing 'array-scale success' was identified as the game-changing milestone towards commercial generation. Furthermore, it was found that a number of comparably competent manufacturing firms is required to implement major marine energy projects. This would result from fostering a multi-company market breakthrough concept, based on intensified knowledge sharing and trustful collaborative interaction between competitors. Additionally, effective separation of complexity into 'detail' and 'dynamically complex' constituents was found to be fundamental for identifying long-term, effective solutions. It is decisive to accept this primary classification, as measures appropriately applied on one type of complexity can be counterproductive if applied on the other. Most of the available planning tools and analytical methods do not address the management of dynamic complexity, necessary in innovative environments where flexibility and tolerance of vagueness are indispensable. Successful application of several strategies to deal with both types of complexity in comparable innovation-driven environments was considered suitable for de-risking the commercialisation of marine energy. The challenges for strategy-finding in a demandingly complex and increasingly dynamic environment are addressed in this research by exploiting a case-specific expert knowledge database. The structured information compression and subsequent strategy-finding process is realised based on calculated rankings of impact factors by systems dynamics software and substantiated by representative interview statements. The analysis makes use of multi-level expert knowledge and the application of a control-loop-based methods. The systems approach as applied in this research comprises the combination of interview-based (bottom-up learning) processes and the application of prioritised strategy options in the form of concerted management action (top-down planning). The approach of processing multi-level interview data by system dynamics modelling represents a powerful method to detect and assess ongoing developments and thus to advance strategy-finding. The systematic and unbiased approach to identify the top-level drivers for commercialising marine energy supports the long-term creation of investor confidence, based on a concept of transparency and credibility.
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Abujnah, Mohamed Saad. "Towards a risk management framework for Libyan house-building projects." Thesis, University of Salford, 2010. http://usir.salford.ac.uk/43048/.
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Time and cost overrun problems are commonplace throughout the world in the construction industry. Libyan House-Building Projects (LHBP) experience the same dilemma and often to a greater extent. This is attributed to both unexpected and expected factors in which risk and uncertainty were not effectively dealt with. A focus on risk management is therefore necessary to improve the current project's poor performance. The purpose of this study is to provide a Libyan Risk Management Framework (LRMF) to improve the performance of the construction project management process in LHBP through investigating and analysing time and cost overrun causes. In addition, establishing a comprehensive risk response to eliminate or mitigate the major threats in these types of projects. The proposed framework will be developed to critically reflect a synthesis of the international risk management frameworks, the available literature regarding time and cost overrun factors, and expert's professional knowledge and expertise of working in the Libyan Construction Industry (LCI). The developed framework begins with risk identification which, in this particular work, was based on two means, namely: the review of previous published studies that are concerned with time and cost overrun in the construction industry; and semi-structured interviews and discussions with construction professionals. The main objective of this phase of research (first phase) was to gather a list of risk factors that could be responsible for time and cost overrun in LHBP. This list was further filtered, validated, and assessed through group discussion session conducted with a number of Libyan experts which represented the second phase of research. Based on the information obtained from the two earlier phases, a structured interview template was drawn up. This constituted the third phase of the study (i. e., the survey phase). Hence, a survey targeting construction professionals which comprises: local contractors; government officials; consultants; and international companies was carried out. A Kruskal-Wallis test has been used to test the variance in responses. The outcomes of this test revealed that, there is a consensus among the four construction-related groups with regard to assessing risk likelihood and risk consequences for the majority of the identified risk factors A statistical analysis has been employed to test the strength of relationship between the results of group experts and the findings of each individual group. Based on the results of Pearson's rank correlation test, it was concluded that there are strong associations between different groups on ranking the identified risk factors. The research outcomes concluded that "delays in progress payments causing cash flow problems to the contractor"; "shortage of skilled labour"; "unqualified decision makers"; and "slowness of the owner's decision making process causes suspension of work" were identified as the most important risk factors leading to construction delay and cost overrun in LHBP. Therefore, risk responses, in the form of recommendations to relevant parties, have been suggested to eliminate or mitigate these major threats.
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Evangelidis, Adrianos. "Risk modelling at the pre-proposal stages of eGovernment service projects." Thesis, Edinburgh Napier University, 2007. http://researchrepository.napier.ac.uk/Output/7309.
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eGovernment is a relatively new, but rapidly expanding, domain; mainly due to the perceived outcomes that it may bring to the public administration. Founded on the premise that eGovernment programmes may increase efficiency and effectiveness, decrease costs and enhance the quality of public services, governments invest heavily on such implementations. But here is a perplexing contrast; so far, many of such projects experience a high failure rate. That is realised in many facets; endless delays, and excessive costs, or complete cancellations are frequently observed. The reasons behind that can be many. However, such situation may be avoided or at least better handled through appropriate risk-based methods applied during the early stages of eGovernment project considerations. Within that context this thesis investigates the modelling of risk for eGovernment projects at the early, pre-proposal stages. The interpretative qualitative study described in this thesis provides a 'first stab' in a previously weakly explored, but important, area of eGovernment research. It is therefore the main objective of this thesis to examine the relevance of risk modelling during the pre-proposal phase of eGovernment service projects. To achieve that objective, this thesis devises and employs a risk modelling tool; a design that incorporates an e5ervke model and eGovernment risk taxonomy, allowing its users to identify pertinent project risk statements that may be exploited at later risk assessment exercises. So as to accomplish the defined objective, this thesis is arranged in an order that covers all stages of the research process. These include an understanding of the eGovernment domain by expanding - amongst others - on the various eGovernment modelling, evolution, and evaluation methods as well as a discussion on eGovernment benefits, and its failure factors. Equally, a part is dedicated on elaborating upon eGovernment risk and the existing methods to model it. A prototype risk modelling tool is developed in order to be used as a probe that is assessed and evaluated in the field by domain experts and practitioners. The thesis concludes by gathering qualitative data and analysing the grounded findings received from a series of interviews and workshops. With reference to the findings addressing the thesis' main research question, the conducted study shows that risk modelling has effectively no applicability during the pre-proposal stages of eGovernment service projects. This study argues that although risk modelling has a recognised value, employing it is really futile at such early phase. It is primarily so, because at that point risk does not appear to carry enough weight to influence the decision-making process. Equally, this research finds that it is the political leadership that hands down the project ideas and the IT/IS project management staff simply implement. Even if risk modelling tools were employed by the ITIIS project management staff, the risk modelling output would be pointless as they have limited input into the decision-making process. The study's findings also led this thesis to produce a conceptual framework for risk modelling, as well as relevant lessons to be learnt. The thesis elaborates on what risk modelling is expected to deliver and how it should look like. The findings have also further enhanced the risk modelling tool developed for this research, and generally propose new avenues for further research work in the domain.
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Burman, Liv, and Nils Sandberg. "Project Communication's Impact on Risk Management and Goal Achievement : A case study of project communication's impact on risk management and goal achievement in public place branding projects." Thesis, Umeå universitet, Företagsekonomi, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-86526.
Full textAbstract:
Public place branding in municipalities is increasing in frequency and consists of multiple stakeholders, which enhances the role of communication in this type of project. The research question is how does project communication impact risk management and goal achievement in public place branding projects? This is answered by the main purpose of this study, which is to increase the understanding of the project communication’s role in risk management and goal achievement in public place branding projects. In order to gain this understanding the thesis has had a qualitative case study with an inductive approach. The focus of the theoretical framework is including place branding, project management, strategic alignment, goal achievement, risk management, and project communication. As a case for the study the project Destination South Lapland has been chosen. The project aims to establish a destination enterprise for the region, and includes four municipalities from the counties of Västerbotten and Jämtland. The focus has been to investigate differences in perceptions and handling regarding goals and risks between the strategic and operational level, and how communication is interrelating these areas. The main conclusion that we can draw from the study is that project success factors are based on the projects goals and that project communication of goals, roles, and risks has an impact on goal achievement. The study shows that project communication is what interlinks the success factors and thus enables public place branding projects to achieve its goals. Project risk management and risk assessment was also found as success factors in public place branding projects. Project communication was therefore also found to incorporate risk management into the project strategy, which facilitates public place branding projects in achieving their goals.
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Sturgill, Roy E. Jr. "RISK MANAGEMENT AND PRACTICE ALIGNMENT FOR UTILITY COORDINATION ON TRANSPORTATION PROJECTS." UKnowledge, 2018. https://uknowledge.uky.edu/ce_etds/72.
Full textAbstract:
Utility coordination is an exceedingly complex effort of managing, communicating, and facilitating the avoidance and relocation of utility facilities as needed for highway projects. Utility coordination occurs throughout the design and delivery of a project and best practices are used to make sure this occurs efficiently and in the best interest of the public, who are not only the taxpayers but also the ratepayers. Recent research has attempted to enhance utility location technology and procedures, instill frameworks and tools for utility coordination, and proceduralize risk management relative to utility coordination. However, research attempting to improve various aspects of utility coordination simultaneously has led to a lack of consensus on how to integrate these research efforts into an effective standard of practice. These is also not a standard of practice for quantifying utility related risks for transportation projects.
This research will attempt to build consensus and contribute to the body of knowledge in this area of utility coordination by presenting an approach to assess the relative utility risks of a project and align current and new practices to minimize those risks. Through statistical analysis of historical project data regarding utility coordination schedules and costs for transportation projects in Kentucky, this study was able to produce a model that estimates utility related risk early in transportation project development. With input and evaluation by subject matter experts, utility coordination best practices were collected and aligned to utility risks on transportation projects. A decision support tool was developed to assist in the use of the mathematical utility risk model and the best practices associated with the varying risk levels.
This research also finds that there are disparities among utility stakeholders on transportation projects in regard to the effectiveness or satisfaction with particular best practices. This finding presents the need for early involvement and collaborative utility coordination to select practices that ensure utility related issues on transportation projects are minimized. The research also presents that increased use of alternative contracting methods can pose significant challenges to utility coordination on transportation projects. This stems from the finding that utility coordination practices were not uniformly effective across these varying procurement methods. Furthermore, as Departments of Transportation continue to deal with resource issues, one of which being manpower within utility coordination, the use of consultants for utility coordination presents its own set of complexities. The research finds the best application of consult-led utility coordination is through third-part consultants specializing in utility coordination, those who have been state-specifically trained for utility coordination, and prequalified for utility coordination work.
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Ganhão, André Filipe Esteves. "Development of web services to help risk management of construction projects." Master's thesis, Faculdade de Ciências e Tecnologia, 2010. http://hdl.handle.net/10362/5324.
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Dissertação apresentada na Faculdade de Ciências e Tecnologia da Universidade Nova de Lisboa para obtenção do grau de Mestre em Engenharia Electrotécnica e de ComputadoresRisk management and response to unforeseen events are nowadays seen as assets in construction projects. Unforeseen events and communication failures often cause delays and increased costs, so there is the need to solve them swiftly. The development of information and communication technologies, promoted the emergence of new ways of risk management, i.e., management support software connected to the internet. The use of the internet allows for communication speed between distant participants on a construction project to have a drastic increase. Therefore the purpose of this work is to design and implement a computational infrastructure to manage risks, events and to plan construction projects. It intends to improve communication between participants on site (foremen) and the office workers (contractors and project managers). There is also the goal to provide better visibility and control over the works’ progress, as well as to speed up the ability to decide in view of unforeseen events and, by consequence, potentiate the increase of productivity and quality in construction projects.
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Odeh, Muhammad F. "The Effect of Integrating Risk Management on Large-Scale Information Technology Projects Using an Integrated Software Risk Management Tool." Thesis, The George Washington University, 2018. http://pqdtopen.proquest.com/#viewpdf?dispub=10785800.
Full textAbstract:
A risk in principle is an uncertain event that if it occurs, may have an adverse or positive effect on a project's objectives. Adverse risks imply threats and positive ones may lead to opportunities. Proper risk management is creating an appropriate environment and a policy for maintaining efficient and effective processes that are vital elements not only to the success of projects but the organization as a whole.
The occurrence of risks is a reality in information technology (IT) projects, regardless if it is an implementation of proven technology, a new one or development of software for a specific function. An appropriate approach is a practice whereby organizations methodically address these risks with the objective of achieving sustained benefit within each project and across the organization as a whole. On the other hand, poor management is ignoring the chances of anticipating time, resources, and scope or budget risks. Risk management incorporates risk planning, identification, analysis, response planning, monitoring and controlling and closing processes. These standard methods, marshal the understanding of potential upside and downside factors that can affect the business and increases the probability of success while reducing not only the likelihood of failure and cost overrun but also the uncertainty of achieving the organization’s overall financial objectives.
This praxis represents a modeling approach focused on the impact of risk management on information technology projects by developing an integrated risk management tool. A framework to proactively adhere to risk management processes for identifying and analyzing risks so that proper responses are planned, risks are tracked, monitored, controlled and closed. The successful implementation of this risk management tool will serve as a guide to others for developing and implementing systematic project risk management that is suitable for their organizations. It helps provide better control over the future of the project and improves the chances of the project meeting its objectives and complete on time and budget.
This praxis contributes to the practice of risk management in IT projects by refining the perception of proactively utilizing proper risk management processes from the inception of the project and throughout its lifecycle. It also improves the understanding of what drives the use of risk management processes and methodologies on IT projects for the improvement of projects success rates and the overall health of the organization.
The failure ratio of IT projects meeting their objectives is a common concern and a frustrating challenge for executives. Integrating risk management processes throughout the lifecycle of project management using appropriate methodologies, techniques, and tools, mastering technology, relying on skilled project managers and effective teams and stakeholders’ management is practical and proven applications companies, project managers and practitioners can employ to increase the value and make the most of their IT projects.