Project Risk Management Methodology: A Case Study of an Electric Energy Organization

This paper resulted from an action-research undertaken on a Portuguese electric energy organization – EDP Distribution. The research aimed to develop, propose and implement a risk management methodology to integrate in the project management (PM) practices of an ongoing project. The methodology implemented allowed the project team to initiate systematized risk management practices through a simple structure, easy to apply, and with a degree of complexity compatible with the effort that the PM team could initially engage. It is expected that the proposed methodology signaled the initiation of the project risk management (PRM) process standardization in the EDP Distribution organization.

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Project Risk Management: Methodology Development for Engineering, Procurement and Construction Projects a Case Study in the Oil and Gas Industry

American Journal of Civil Engineering ◽

10.11648/j.ajce.20150303.14 ◽

2015 ◽

Vol 3 (3) ◽

pp. 75

Author(s):

Ashwin Amarshi Maru

Keyword(s):

Risk Management ◽

Construction Projects ◽

Oil And Gas ◽

Oil And Gas Industry ◽

Project Risk Management ◽

Project Risk ◽

Gas Industry ◽

Methodology Development ◽

Risk Management Methodology

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A Project Risk Management Methodology Developed for an Electrical Portuguese Organization

Project Management ◽

10.4018/978-1-5225-0196-1.ch042 ◽

2016 ◽

pp. 845-864

Author(s):

Joana Peixoto ◽

Anabela Tereso ◽

Gabriela Fernandes ◽

Rui Almeida

Keyword(s):

Risk Management ◽

Project Management ◽

Action Research ◽

Management Practices ◽

Electric Energy ◽

Project Risk Management ◽

Process Standardization ◽

Project Risk ◽

Risk Management Methodology ◽

Ongoing Project

This chapter resulted from an action-research undertaken on a Portuguese electric energy organization – EDP Distribution. The research aimed to develop, propose and implement a risk management methodology to integrate in the project management (PM) practices of an ongoing project. The methodology implemented allowed the project team to initiate systematized risk management practices through a simple structure, easy to apply, and with a degree of complexity compatible with the effort that the PM team could initially engage. It is expected that the proposed methodology signaled the initiation of the project risk management (PRM) process standardization in the EDP Distribution organization.

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Amadubi Rural Tourism Project in Jharkhand: Development of Project Risk Management (B)

Indian Institute of Management Ahmedabad ◽

10.1108/case.iima.2020.000164 ◽

2015 ◽

pp. 1-15

Author(s):

Goutam Dutta

Keyword(s):

Risk Management ◽

Critical Path ◽

Rural Tourism ◽

Project Risk Management ◽

Project Risk ◽

Network Diagram ◽

Likelihood Rating ◽

Risk Sources ◽

The Impact

This case should be taught after (A) case. This case study discusses how the stakeholders of the (A) can sit together can discuss prepare first the activities of the project, draw the network diagram, develop a critical path. The discussion further proceeds when these stakeholders through the discussion develop risk sources, assigns probabilities and computes the impact and likelihood rating.

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Amadubi Rural Tourism Project in Jharkhand: Development of Project Risk Management (A)

Indian Institute of Management Ahmedabad ◽

10.1108/case.iima.2020.000163 ◽

2015 ◽

pp. 1-13

Author(s):

Goutam Dutta ◽

Sumitro Santra

Keyword(s):

Risk Management ◽

Rural Tourism ◽

Government Agencies ◽

Project Risk Management ◽

Project Risk ◽

Role Of Government ◽

Funded Project ◽

Management Issues

Rural Tourism is an important feature in development of emerging states in India. This case study, an UNDP funded project with ministry of Tourism, GOI, focuses the problem faced by a NGO in developing a rural tourism in Jharkhand in India for a decade. The management issues are feasibility and financial viability, lack of project and infrastructure planning, role of government agencies. The case stresses need of project risk management in this type of private partner partnership

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Consistent Application of Risk Management for Selection of Engineering Design Options in Mega-Projects

International Journal of Risk and Contingency Management ◽

10.4018/ijrcm.2012100104 ◽

2012 ◽

Vol 1 (4) ◽

pp. 44-55 ◽

Cited By ~ 3

Author(s):

Yuri Raydugin

Keyword(s):

Risk Management ◽

Engineering Design ◽

Project Risk Management ◽

Project Risk ◽

Engineering Change ◽

Engineering Change Management ◽

Project Risks ◽

Design Options ◽

Selection Of

Traditional application of project risk management is limited to identifying and addressing project risks and then developing cost along with schedule contingencies. This paper proposes a method to consistently utilize the project risk management methods during Front End Engineering Design (FEED) phase of project development to select engineering design options. This method was called for recently to make several key engineering design decisions in a mega-project (case study). It allows significantly accelerate decision making and successfully manage various types of bias through leveraging the structure and visualization it provides. The proposed method is also applicable for engineering change management in any phase including operations.

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