An Interface-Based Integrated System for Project Risk Management

2014 ◽  
Vol 912-914 ◽  
pp. 1567-1570
Author(s):  
Xue Lian Tian ◽  
Yao Wu Wang
Keyword(s):  
Risk Management ◽  
Integrated Management ◽  
Integrated System ◽  
Three Dimensions ◽  
Management Model ◽  
Project Risk Management ◽  
Time Dimension ◽  
Project Risk ◽  
Risk Management System ◽  
Tissue Interface

According to the project interface risk classification including the physical interface risk, the contract interface risk, the tissue interface risk and the information interface risk, the integrated management model of project interface risk was put forward, which focused on the three dimensions: time dimension, relational dimension and information dimension. The project interface risk management system was developed, which consists of information subsystem, organizational subsystem, resources and support subsystem, and dynamic management subsystem. The system implements integration of project risk management from the perspective of the interface, and by using the system managers can foresee the exact location of the risk occurring or may occur.

Comprehensive Project Risk Management Methodology

2021 ◽  
Vol 8 (1) ◽  
pp. 94-115
Author(s):  
Luis F. Copertari
Keyword(s):  
Risk Management ◽  
Project Management ◽  
Critical Path ◽  
Three Dimensions ◽  
Project Risk Management ◽  
Time Cost ◽  
Due Date ◽  
Project Risk ◽  
Computer Screen ◽  
Optimal Cost

The objective of this paper is to introduce and discuss the basics of a methodology called the Probabilistic Critical Path Method (PCPM) for managing the previously identified risks (uncertainty) of the three project management dimensions: time, cost and return (performance). An interactive Graphic User Interface (GUI) has been designed for visualizing the tradeoffs among these three dimensions as well as their uncertainties on a flat computer screen. The user can choose to visualize the probability of failure (exceeding some user given due date, budget or not exceeding a given Minimally Attractive Rate of Return – MARR) or the probability of success (not exceeding the due date and the budget and exceeding the MARR). PCPM allows for comprehensive project risk management and it constitutes a new integrative project risk management framework. This paper shows that it is possible to integrate all three project management dimensions (time, cost and return) and show their known risks as well as determining the optimal cost and the associated time and return for such optimal cost. Finally, it is possible to interactively show all this multidimensional information on a flat computer screen.

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.

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