Keys to Partnership

2017 ◽  
pp. 314-347
Keyword(s):  
Risk Management ◽  
Potential Application ◽  
Comprehensive Analysis ◽  
Project Implementation

This chapter identifies the key critical pillars for a successful PPP project implementation in order to assist all stakeholders in the process. It also analyses the potential application models of PPP in respect to ingredients, tools and the roles of ICT. The chapter is based on results from a comprehensive analysis of even cases of successful PPP projects that have been implemented in different countries over the years. As a result several keys for an effective risk management have been identified. This can explain why some PPP projects are successful whereas others are not. It is concluded these key pillars must be dearly considered if PPP project is to succeed.

Handling Uncertainty in Project Management and Business Development

2017 ◽  
pp. 337-362
Author(s):  
Stefan Hartlieb ◽  
Gilbert Silvius
Keyword(s):  
Risk Management ◽  
Project Management ◽  
Potential Application ◽  
Scenario Planning ◽  
Business Development ◽  
Shared Understanding ◽  
Explorative Study ◽  
Planning Processes ◽  
Measurement Of Success ◽  
Management Of Uncertainty

This chapter reports a study into the management of uncertainty in the disciplines of business development and project management. The first part of the chapter analyses the disciplines by looking at the process, the planning, uncertainty and risk and the measurement of success. Based on our analysis of these two disciplines, we conclude that they differ substantially in the perception and handling of uncertainty and how this is included in the overall process. We found that business development uses additional methods, for example scenario planning, to manage the uncertainty that is inherent to the business development process. The second part of the chapter reports an explorative study into the potential application of scenario planning in project management. This study shows that scenario planning may benefit project management in creating a shared understanding of the project as well as the provision and consideration of different information. In the planning processes of the project, this information is considered useful in risk management and milestone planning.

Handling Uncertainty in Project Management and Business Development

2020 ◽  
pp. 1219-1244
Author(s):  
Stefan Hartlieb ◽  
Gilbert Silvius
Keyword(s):  
Risk Management ◽  
Project Management ◽  
Potential Application ◽  
Scenario Planning ◽  
Business Development ◽  
Shared Understanding ◽  
Explorative Study ◽  
Planning Processes ◽  
Measurement Of Success ◽  
Management Of Uncertainty

This chapter reports a study into the management of uncertainty in the disciplines of business development and project management. The first part of the chapter analyses the disciplines by looking at the process, the planning, uncertainty and risk and the measurement of success. Based on our analysis of these two disciplines, we conclude that they differ substantially in the perception and handling of uncertainty and how this is included in the overall process. We found that business development uses additional methods, for example scenario planning, to manage the uncertainty that is inherent to the business development process. The second part of the chapter reports an explorative study into the potential application of scenario planning in project management. This study shows that scenario planning may benefit project management in creating a shared understanding of the project as well as the provision and consideration of different information. In the planning processes of the project, this information is considered useful in risk management and milestone planning.

Determinants of successful implementation of donor-funded projects in Uganda

2015 ◽  
Vol 42 (12) ◽  
pp. 1139-1154 ◽  
Author(s):  
Shafic Mujabi ◽  
Samson Omuudu Otengei ◽  
Francis Kasekende ◽  
Joseph Mpeera Ntayi
Keyword(s):  
Risk Management ◽  
Explanatory Power ◽  
Empirical Literature ◽  
Hierarchical Regression ◽  
Successful Implementation ◽  
Project Implementation ◽  
Content Type ◽  
Organizational Rationality ◽  
And Performance ◽  
The Relationship

Purpose – The purpose of this paper is to examine, empirically the relationship between organizational rationality, knowledge management (KM), risk management and successful implementation of donor-funded projects in Uganda. Design/methodology/approach – Data were obtained from 195 project managers of donor-funded projects both managed within government systems and those outside government using a questionnaire. Zero-order correlation analysis and hierarchical regression analysis were employed to analyze the data. Findings – The paper has two major findings: all the predictor variables are positively and significantly related to successful project implementation; and the relationship is strong enough to cause a 23 percent (R²) increase in the explanatory power in the presence of control variables. Research limitations/implications – The study focussed on selected donor-funded projects in Uganda and this limited the generalization of the findings. Moreover, there was also limited availability of local empirical literature with respect to implementation and performance of donor-funded projects. Practical implications – The results suggest that organizations that embrace organizational rationality, risk management and KM succeed in project implementation. Originality/value – There are many studies that investigate the practices adopted by organizations that implement donor-funded projects, however, this is the first study to the authors’ knowledge that examines the relationship between KM, rationality, risk management and successful implementation of donor-funded projects in Uganda.

scholarly journals Methodology on the Trend of Underlying Shariah Contracts and Legal Disputes of Decided Islamic Banking Cases in Malaysia

2019 ◽  
Vol 8 (3S3) ◽  
pp. 19-24
Keyword(s):  
Risk Management ◽  
Comprehensive Analysis ◽  
Legal Issues ◽  
Islamic Banking ◽  
Legal Research ◽  
Legal Risk ◽  
Banking Institutions ◽  
Phases Of Development ◽  
Court Process ◽  
Limited Scope

The general reflection of certainty and predictability in the decisions of the courts could be traced from the trend of decided Islamic Banking cases itself. Some studies highlighted the trend in decided Islamic Banking cases but not in detail, with a limited scope of discussion and did not cover the current and the latest decided cases. The objective of this paper is to provide a comprehensive analysis on the decided Islamic Banking cases in Malaysia of year 1987 to 2018 in order to find out the trend of underlying Shariah contract and legal disputes. The method employed in this study is the legal research through the analysis decided Islamic Banking cases in Malaysia. This paper highlights the underlying Shariah contracts that attract numerous judicial consideration and legal disputes in different phases of development in Islamic Banking cases. The diversification underlying Shariah contract and the complexity of legal issues could be traced in the more recent decided Islamic Banking cases. Moreover, the findings contribute to the enhancement of disputes resolution outcomes through court process and improvise the Shariah compliance and legal risk management of Islamic Banking Institutions

scholarly journals ANALYSIS AND PRIORITIZING RISK MINIMIZING TECHNIQUES OF IT PROJECTS

2021 ◽  
pp. 6-12
Author(s):  
Jalal Elbaruni ◽  
Olena Bielova ◽  
Viktor Melenchuk
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Information Management ◽  
Management System ◽  
Information Management System ◽  
Matrix Analysis ◽  
Project Implementation ◽  
It Projects ◽  
Risk Management System ◽  
Dynamic Growth

This article is devoted to the risk analysis of IT projects. The article defines the risks of IT projects, classifies the key risks of IT projects and identifies the main sources of risks of IT projects. The analysis of risks of IT projects at introduction of information management system in realization of projects of the company is also presented. The possibility of risks of IT projects during the implementation of the management information system in the implementation of the company's projects is analyzed. And also the ways of minimization of occurrence of risks of IT projects at introduction of information management system in realization of projects of the company are offered. Under ideal circumstances, in modern organizations, project implementation reduces risks to zero. At the same time, in modern realities, it remains necessary to take into account risks and manage them as part of the organization when implementing projects. Nevertheless, risk minimization is effective for the dynamic growth of an organization or institution when implementing projects. The current trends in information projects in today's competitive world are fundamental and necessary for any project-oriented organization to manage risks in information outsourcing projects in an ideally complex task. Thus, this article examines the main factors that lead to the emergence of risks, based on modern scientific sources from leading researchers in the field of project management, taking into account the peculiarities of developing an optimal risk management system in an organization when implementing projects, as well as the implementation of such a system under various scenarios of projects’ implementation in organizations. A structure aimed at improving the risk management system in organizations during project implementation is also proposed. The study found that prioritization in the consideration of project risks, as well as risk factors, helps to correlate the risk of the project and the risk of the company itself. Prioritizing the response to risk factors and their strength of influence, considering the time, volume and quality of risks are of paramount importance for the dynamic growth of the organization and allow to conduct a matrix analysis of risks, and then propose ways to minimize risk.

scholarly journals Project Implementation, Risk Management Practices and Project Success

2021 ◽  
Vol 3 (1) ◽  
pp. 36-50
Author(s):  
Joash Watema ◽  
John Tulirinya
Keyword(s):  
Risk Management ◽  
Management Practices ◽  
Project Success ◽  
Survey Design ◽  
Project Managers ◽  
Project Implementation ◽  
Cross Sectional Survey ◽  
Social Scientists ◽  
Cross Sectional ◽  
The Relationship

The study aimed to establish the relationship between project implementation, risk management practices and project success for projects implemented by NGOs in Iganga Municipality. The study used a quantitative, correlational and cross-sectional survey design. The sample consisted of 117 respondents who included project managers, their assistants, and accountants of 45 projects implemented by NGOs in Iganga Municipality. Data was collected using a self-administered questionnaire and analysed using statistical packages for social scientists (SPSS). This study discusses project implementation and risk management practices as the issues involved in project success and or failure. The study concluded that project implementation and risk management practices were significant in improving project success. This study recommended that NGOs in Iganga Municipality need to put much emphasis on project implementation and risk management practices as a way of improving project success as their correlation is significant.

The Study of Project Agent-Construction System Risk and Precautions against Risk

2012 ◽  
Vol 174-177 ◽  
pp. 2754-2758
Author(s):  
Zhao Bin Wei ◽  
Gui Rong Zhu
Keyword(s):  
Risk Management ◽  
Management Model ◽  
Project Risk Management ◽  
Project Implementation ◽  
Engineering Project ◽  
Project Risk ◽  
Whole Process ◽  
System Risk ◽  
Management Of Risk ◽  
Construction System

Abstract. Lots of various risks will exist in the whole process that is from construction to completion of project, whose management model is project agent-construction system. If construction agent can’t focus more importance on the cognition and management of risk occurring in the whole process of engineering project implementation, the successful accomplishment of engineering project will be influenced consequentially. In this paper, it is combined that the theory of project risk management and the practice of project agent-construction system from the construction agent’s viewpoint, then the risk of project agent-construction system is analyzed, and the precautions against risk are studied. It is of great significance and high practical values to carry out agent-construction system more preferably for construction agent.

scholarly journals Organizational and Managerial Mechanism for Risk Management of Agricultural Enterprises

2021 ◽  
Vol 273 ◽  
pp. 08005
Author(s):  
Karine Barmuta ◽  
Nalbiy Tuguz
Keyword(s):  
Risk Management ◽  
Financial Performance ◽  
Comprehensive Analysis ◽  
Risk Exposure ◽  
Agricultural Enterprises ◽  
Factors Influencing ◽  
Financial Strength ◽  
Grain Products ◽  
Cattle Meat ◽  
Managerial Mechanism

The article highlights issues related to the study of the approach to assessing and analyzing the risks of agricultural enterprises. An approach to conducting a full-fledged comprehensive analysis of risks and factors influencing them with the help of indicators for assessing financial performance is described. An algorithm for assessing risks based on calculating the dependence of the size of assets, the margin of financial strength and the leverage of production leverage and its effect is considered. The methodology and results of research on the practical study of farms in the Krasnodar Territory in terms of the level of financial strength in grain products and cattle meat are presented. Conclusions are made about the degree of risk exposure of these types of industries, the features of the results of diversification in agriculture are revealed.

scholarly journals ASSESSMENT AND RISK MANAGEMENT OF SOCIO-ECONOMIC PROJECTS

2021 ◽  
Vol 1 (4) ◽  
pp. 166-172
Author(s):  
Olesia Iastremska ◽  
Olha Korolenko
Keyword(s):  
Risk Management ◽  
Social Entrepreneurship ◽  
Social Enterprises ◽  
Social Utility ◽  
Social Programs ◽  
Project Implementation ◽  
Customer Expectations ◽  
The Social ◽  
Social Project

The quality of implementation of social programs and projects is a measure of the effectiveness of social policy. Ideally, a social project can be implemented if absolutely everyone is interested: both the participants and those to whom the project affects in one way or another. All stakeholders are members of the value chain and add value to the program to one degree or another. The general purpose of the research work is to substantiate the mechanisms for reconciling the interests of stakeholders and study effective models of social entrepreneurship. Practice proves that the most rational among the known methods of risk management is the stakeholder approach. The main risks in the perception of the quality of social project implementation are “gaps”: a) in knowledge – project implementers misunderstanding of the customer expectations; b) in standards – the inability to set quality standards that meet customer expectations; c) in the effect of implementation – the inability to ensure the quality of project implementation in relation to established standards; e) in communications – the inconsistency of the transmitted information about the quality of the project to the actual level. All these risks are closely linked. Research shows that the greatest risks in the implementation of social projects occur among the “gaps” in standards. Distinctive features of the management process of social programs and projects, which have to be taken into account during the management standards development, are presented in the work of V.M. Burkov. The basis of the formation of the interests harmonization mechanism is the “Stakeholder Interaction Standard AA1000” (Standard AA1000SES), which sets out the basic methods, tools and standards of stakeholders management. The technology of developing of the social project road map is presented in the work of O.V. Ponomarenko. The works of O.I. Datsko are devoted to the study of the role of stakeholders in the view of the projects development with the aim to increase the territories competitiveness. The process of urban development strategy is researched by A.I. Yermolova. Summarizing the above, it should be noted that one of the defining areas of socialization of economic relations in modern Ukraine is the development of social entrepreneurship. Today’s economic, political and social realities necessitate the development of social entrepreneurship from the level of charity to the level of social enterprises, which will not only become a source of material needs for people unable to compete in the labor market, but also help to solve various pressing social problems. The formation of social enterprises should be ensured by a set of legal, economic and ideological guarantees from the state and society. The evolution of social entrepreneurship should be accompanied by the solution of both global (for example, the formation of public consciousness) and applied (for example, for the sustainable social entrepreneurship development it is required to use effective business models) tasks. The method of CBA involves determining the discount rate for social projects, which can be calculated by the model for the assessment of the social border of intertemporal benefits. The following statistical indicators can be used for calculation: the risk to life level, the growth rate of consumption per capita, the elasticity of the marginal social utility of consumption. The calculation uses the arithmetic mean values of these indicators for as long as possible.

Sign in / Sign up

Export Citation Format

Share Document