Monitoring risk response actions for effective project risk management

2009 ◽  
pp. n/a-n/a
Author(s):  
Edouard Kujawski ◽  
Diana Angelis
Keyword(s):  
Risk Management ◽  
Project Risk Management ◽  
Project Risk ◽  
Risk Response

Comparative Review on the Tools and Techniques for Assessment and Selection of the Project Risk Response Actions (RRA)

2012 ◽  
Vol 3 (3) ◽  
pp. 60-78 ◽  
Author(s):  
Mohammad Ali Hatefi ◽  
Seyed Mohammad Seyedhoseini
Keyword(s):  
Risk Management ◽  
Risk Identification ◽  
Project Risk Management ◽  
Project Risk ◽  
Risk Response ◽  
Comparative Review ◽  
Tools And Techniques ◽  
Identification Analysis ◽  
Insight Into ◽  
Selection Of

Project risk management is the process of risk identification, analysis, and response. Risk response includes assessment and selection of the efficient Risk Response Actions (RRA) in order to reduce/enhance the likelihood of the occurrence of threats/opportunities and/or the magnitude of threats/opportunities impact. There is wide agreement that development of RRA plans is an important phase of project risk management, while there are few widely accepted processes, models or tools to support the proper selection of RRAs. The present paper reviews and compares the efforts, which have been made to assess and select RRAs and address the mentioned deficiency found in the published literature. The investigations provide an insight into the need to provide the risk analysts with effective tools and techniques for assessing and selecting RRAs in the area of project risk management.

PROJECT RISK MANAGEMENT FOR NEW PRODUCT DEVELOPMENT

2013 ◽  
Author(s):  
Dundusid Porananond ◽  
◽  
Natcha Thawesaengskulthai ◽  
Keyword(s):  
Risk Management ◽  
Product Development ◽  
New Product Development ◽  
New Product ◽  
Project Risk Management ◽  
Project Risk

Customisable framework for project risk management

2017 ◽  
Vol 17 (1) ◽  
pp. 68-89 ◽  
Author(s):  
Jennifer Firmenich
Keyword(s):  
Risk Management ◽  
Management Practices ◽  
New Institutional Economics ◽  
Future Research ◽  
Project Risk Management ◽  
Management Process ◽  
Project Risk ◽  
Content Type ◽  
Risk Management Process ◽  
Management Concepts

Purpose The purpose of this paper is to emphasise on the need for efficient and effective project risk management practices and to support project managers in increasing the cost certainty of projects by proposing a new framework for project risk management. Design/methodology/approach The author adopts a “constructivist” methodology, drawing on practices common in construction management sciences and new institutional economics. Findings The author presents a holistic and customisable project risk management framework that is grounded in both practice and academia. The framework is holistic because, amongst others, all steps of the typical risk management process are addressed. The framework is customisable, because it allows for alternative ways of implementing the project risk management steps depending on the project-specific circumstances. Research limitations/implications The framework does not address the potential unwillingness of the project players to set up a project risk management process, at all. The proposed framework has not yet been tested empirically. Future research will seek to validate the framework. Originality/value The framework is designed to account for the difficult circumstances of a complex construction project. It is intended to support decision makers in customising a practical yet comprehensive project risk management concept to the characteristics of the unique project. Although many other project risk management concepts are designed based on the assumption that actors are perfectly rational and informed, this framework’s design is based on the opposite assumption. The framework is dynamic and should adapt over time.

scholarly journals Analysis of interactions among barriers in project risk management

2017 ◽  
Vol 14 (1) ◽  
pp. 153-169 ◽  
Author(s):  
Rahul V. Dandage ◽  
Shankar S. Mantha ◽  
Santosh B. Rane ◽  
Vanita Bhoola
Keyword(s):  
Risk Management ◽  
Project Risk Management ◽  
Project Risk
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