Assessing the Risks and Success Factors of Telehealth Development Projects in an Academic Setting

The development of a telehealth technology in an academic setting is a complex project that faces several obstacles. The early assessment of the project risks plays a critical role in the translation of promising telehealth innovations into healthcare practice. This paper presents a decision support tool based on Failure Mode and Effects Analysis (FMEA) and Quality Function Deployment (QFD) techniques to associate the project risks to relevant success factors. Certain modifications in both techniques are applied to deploy them for project risk assessment. The project risks and success factors used in the tool are identified from the literature. The proposed decision support tool enables researchers to manage the risks in their telehealth development projects and identify action items to overcome such risks. The application of the proposed tool is illustrated with a telehealth development project for virtual physical therapy.

Integrated Asset Modeling for Deep Gas Reservoirs. Case Study in UAE

The primary objective of reservoir management is the maximization of plateau duration and reserves recovery, while minimizing the project risks and maintaining the highest environmental and safety standards. It is critical to identify upfront all the risks and bottlenecks that may occur through the entire life of the assets, to prevent them from happening or minimize the reaction time in case of occurrence. Integration of all asset elements (subsurface dynamic models and a surface facility network) provides a fit-for-purpose tool to optimize assets development. This article describes fully coupled surface and subsurface modeling done for 6 reservoir formations (3 fields) sharing the surface facility and including 6 gas reservoirs with different PVT properties. A fully integrated model describes all technical processes occurring in the subsurface and surface systems and has to be further calibrated using measurements done as per the reservoir monitoring plan.

The influence of risks on the outturn cost of ICT infrastructure network projects

Purpose The internet of things (IoT) is becoming an increasingly inescapable part of society. IoT paradigm cannot function without the networking infrastructure. High-speed data networks are essential to enable the IoT future. Thus, the purpose of this study is on the identification of risks that influence the development, installation and operation of information and communication technology (ICT) infrastructure network project cost outcomes. So far, there has been little attention has been paid to risks problems in these types of IoT enabling projects. Design/methodology/approach This research follows a quantitative analysis approach. Data for this study were collected by a survey from 209 professionals. Multiple regression analysis was used to model the relationship between risks and outturn cost of infrastructure needed to enable the operation of IoT technologies. Findings The main risk factors that were identified were planning and development, people and management, operations, technology and hardware. Research limitations/implications This research has expanded the existing literature by documenting and clustering ICT infrastructure network project risks into themes, and has developed a scale (risk statements) for measuring such risks. Further, the research has advanced the understanding by identifying the most likely risks that will contribute to the overrun of these projects. Originality/value This research establishes a reliable regression method for the assessment of the risks that influence the development, installation and operation of ICT infrastructure network projects outturn cost. No other research has measured or studied the risks in this type of project.

Risks of Digital Transformation of Industrial Enterprise

Digital transformation has a signifi cant impact on economic processes. It is usually associated with new opportunities. But it can also lead to risks. Th is article deals with the crucial elements of the digi-tal transformation of a gas transportation enterprise. Analyzing its current digital state, the goals and objectives of the digital project are determined. Th e project risks are identifi ed, evaluated and treated.

Financial Instruments to Address Renewable Energy Project Risks in India

This paper provides a summary of financial instruments to address two biggest risks to renewable projects in India. These risks include the following: first, off-taker (or counterparty) risk, which relates to payment delays by public-sector distribution companies to independent power producers, which then impact project level cash flows in the domestic currency; second, currency (or foreign exchange) risk related to currency fluctuations, which impact foreign investor level cash flows in foreign currencies. This paper then describes multiple solutions for each of these risks, using public funding mechanisms. For payment delays, the category of solutions is termed Payment Security Mechanisms; whereas, for currency fluctuations, the category of solutions is termed Foreign Exchange Hedging Facilities. The coverage in this paper shows the evolution of the solutions from theory to practice over time. These solutions are likely to be applicable to other developing countries.

An Evaluation of Project Risk Dynamics in Sino-Africa Public Infrastructure Delivery; A Causal Loop and Interpretive Structural Modelling Approach (ISM-CLD)

Africa’s growth in public infrastructure provision has been fueled by the collective effort of the government authority and foreign private investors. China, through state-owned corporations, has become one of the leading infrastructure financier springing up numerous projects in transport, energy, oil and gas, water, and sewage sectors in Africa. Infrastructure procurement in developing countries comes with complexities and uncertainties. While Sino-Africa transnational public–private partnerships (TPPP) are becoming an increasingly popular route for public infrastructure procurement, their specific project risks and dynamics are not yet fully understood due to the typical assessment of risk autonomously. This paper identifies pertinent project risks in Sino-Africa TPPPs and applies system thinking in evaluating their behaviour and dynamics. An extensive review of literature and expert opinion employing semi-structured interviews was adopted in the identification and assessment of risk factors. Additionally, the study applied causal loop and interpretive structural modelling as an integrated approach in the assessment of risk behaviour from a systems perspective. Results indicate that risk factors associated with Sino-Africa TPPPs are interactive and portray curious systemic behaviour. Risk factors like force majeure and others associated with the governance structure and stability of the host African country are most influential, and their occurrence could inhibit project success. The study recommends that in conjunction with the conventional risk assessment by impact, systems thinking can be adopted to evaluate and comprehend the dynamics and interactions amongst the risk factors. This will improve risk assessment efficiency and fair allocation and treatment of risks as a conduit for project success and promote a win–win partnership for project actors.

Hydrogen Infrastructure Project Risks in The Netherlands

This study aims to assess the potential risks of setting up a hydrogen infrastructure in the Netherlands. An integrated risk assessment framework, capable of analyzing projects, identifying risks and comparing projects, is used to identify and analyze the main risks in the upcoming Dutch hydrogen infrastructure project. A time multiplier is added to the framework to develop parameters. The impact of the different risk categories provided by the integrated framework is calculated using the discounted cash flow (DCF) model. Despite resource risks having the highest impact, scope risks are shown to be the most prominent in the hydrogen infrastructure project. To present the DCF model results, a risk assessment matrix is constructed. Compared to the conventional Risk Assessment Matrix (RAM) used to present project risks, this matrix presents additional information in terms of the internal rate of return and risk specifics.

Assessment of the Legal and Institutional Framework for the Management of Fiscal Liabilities Arising from Public-Private Partnerships (PPPs) in Nigeria

The procurement of infrastructure projects through the use of PPPs has a number of advantages including the potential of reducing life cycle costs, better project risks management and improved service delivery to mention a few. However, PPPs inevitably give rise to liabilities whether explicit or contingent. These liabilities where not properly managed may have adverse economic consequences for countries. This paper finds that whilst Nigeria has appropriate legal and institutional structures for managing fiscal liabilities generally, such structures are not designed or appropriate to deal with fiscal liabilities arising from PPPs. The paper makes suggestions on how this shortcoming may be addressed.

Risk management in construction projects in Somalia

These days, risk management and analysis are serious issues in the effective management of construction projects, because construction projects are likely to be very dynamic, productive, diverse and increasingly competitive. Risk management helps project parties such as clients, contractors and vendors/suppliers to meet their obligations to reduce negative impacts on their works. The outcomes of the risk management method include the analysis and detection of risks, the creation of building project management systems and the efficient use of resources. The aim of this article is to find out how the Somalian construction companies see the value of construction project risks and how to manage it by dispatching a questionnaire. The total questions of the questionnaire are seventeen questions and were distributed by various participants such as clients, contractors and designers. The findings show that in the implementation of risk management techniques, the Somalian construction industry varies greatly from building companies in foreign countries. The contractor needs to consider risk obligations, dynamics of risk incidents, risk tolerance and risk control skills to handle the risks effectively and efficiently. Due to the insufficiency of experience in the attitude of Somalian entrepreneurs towards risk management is very hard to change. However, as a component of their project management, the construction companies must include risk analysis in projects. The application of risk management in Somalian construction companies is small to moderate, with little difference between organizations' types, sizes and risk tolerances and individual respondents' experience.