Project Risk Assessment to Anticipate Potential Business Risk: A Case Study at PT Telkom Indonesia

Current trends show that education in the field of project risk management is a very actual topic. Long - term projects, which was realized in 2018, was mainly focused on R&D across the world. Short - term projects, was focused on innovation and improve manufacturing processes. Many projects failed because project managers did not manage project risks. Project managers have less knowledge and skills on how to effectively manage project risks, especially risks in the planning phase of projects. The main aim of this article is to analyze the current state of usage project risk assessment across the world, based on own empirical research, which was provided, by authors in 2018 and 2019 (mainly level of usage project risk management methods, experience and level of education). The research focused on analyzing the current state of project risk assessment among continents. The authors focused on the average level of use qualitative and quantitative project risk analysis by project managers, level of project risk management experience by project managers and complexity of learning in using of qualitative and quantitative project risk management methods and tools. Some recommendation were established to educate project managers in the field of project risk management.

Download Full-text

Project Risk Management Process for Professionals

Risk and Contingency Management ◽

10.4018/978-1-5225-3932-2.ch015 ◽

2018 ◽

pp. 277-299

Author(s):

Tamas Toth ◽

Zoltan Sebestyen

Keyword(s):

Risk Assessment ◽

Risk Management ◽

Risk Category ◽

Project Risk ◽

Risk Management Process ◽

Minimum Requirements ◽

Integrated Project ◽

Assessment Procedures ◽

Project Risk Analysis ◽

Project Risk Assessment

This chapter will provide an instantly applicable integrated project risk analysis method, which tracks the probabilities of the occurrences of harmful events perceived by the owners from the conceptual phase to the end of the project. The chapter follows a threefold structure. First, the paper provides a revised integrated project risk assessment framework that enhances conventional risk category-based methods. Second, the minimum requirements of the owners are clarified to attain the main goal of project risk assessment and to identify the harmful events jeopardizing this goal. Third, the widely known risk assessment procedures are revised, and a methodology for taking and selecting proper risks is provided. Finally, a new valuation approach to the monitoring phase is introduced, which is able to capture the current market value of the project based on the risk management and controlling system's data.

Download Full-text

Project Risk Management Process for Professionals

Global Business Expansion ◽

10.4018/978-1-5225-5481-3.ch033 ◽

2018 ◽

pp. 725-747

Author(s):

Tamas Toth ◽

Zoltan Sebestyen

Keyword(s):

Risk Assessment ◽

Risk Management ◽

Risk Category ◽

Project Risk ◽

Risk Management Process ◽

Minimum Requirements ◽

Integrated Project ◽

Assessment Procedures ◽

Project Risk Analysis ◽

Project Risk Assessment

This chapter will provide an instantly applicable integrated project risk analysis method, which tracks the probabilities of the occurrences of harmful events perceived by the owners from the conceptual phase to the end of the project. The chapter follows a threefold structure. First, the paper provides a revised integrated project risk assessment framework that enhances conventional risk category-based methods. Second, the minimum requirements of the owners are clarified to attain the main goal of project risk assessment and to identify the harmful events jeopardizing this goal. Third, the widely known risk assessment procedures are revised, and a methodology for taking and selecting proper risks is provided. Finally, a new valuation approach to the monitoring phase is introduced, which is able to capture the current market value of the project based on the risk management and controlling system's data.

Download Full-text