Arquitectura Conceptual para Enriquecer la Gesti�n del Conocimiento Basada en Objetos Simb�licos (original) (raw)

A taxonomy-based model for identifying risks

2006

Risk Management is a practice composed by processes, methods and tools that allows managing risks in projects; this activity is typically started during the initial phase of a project and it continues during the whole project life cycle. Risk Identification implies to determine potential risks elements by using a consistent and structured method. Taxonomy-Based Risk Management involves using, during the Risk Identification tasks, a checklist of risk grouping structured according to different classes. This paper presents a new model to identify risks in projects based on the use of standard taxonomies. It is founded on experience and results feedback use. The proposed approach is adaptable to corporate and academic environments from different areas of knowledge and with diverse maturity levels.

Toward a Comprehensive Project Risk Categorization Approach ENGR 6991 Project Concordia University

Concordia University, 2014

This project involves literature review of the categorization approaches used within project risk management knowledge area. A general overview on risk definitions and processes from various entities was included as well as an overview on categorization as concept. The methodology adopted for this work was based on comprehensive systematic literature review. The starting point of this work was setting up the research questions. These questions addressed the approaches, advantages and issues of project risk categorization. The work concluded that risk categorization is essential for knowledge management, proper risk communication and accurate selection of relevant mitigation strategy for each risk. Also, it was noticed there are many ways to categorize project risks, and the categorization efforts are still at a very low level of maturity. It is important that researchers continue developing this area using the knowledge available in other domains specifically in mathematics and psychology.

A study of the impact of project classification on project risk indicators

International Journal of Project Management, 2015

Project risk management is essential for ensuring project success. Current risk management tools lack predictive ability to indicate potential risks before the start of a project. This study was conducted to determine whether or not project classification, which is known at the outset of a project, can be used by project managers to proactively identify likely risk events in engineering design projects. This study compared the types of risk events experienced during the project, using risk indicators, when undertaking three different types of projects: compliance, operational, and strategic projects. Risk indicators were developed to capture circumstances (risk events) with potential predictive power about the likelihood of a risk occurring during a given project. Interviews were conducted with employees involved in eleven engineering design projects, within a single organization. Interview notes were transcribed, and risk events were identified and coded using a set of risk indicator codes. Codes were summarized at the project level and compared based on the project classification. The results indicate that the type of risk events occurring in projects does vary based on project classification. Both the type and frequency of risk indicators were found to vary based on project classification. These results suggest that risk management plans can be customized, at the outset of the project based on project classification, which may increase the likelihood of project success.

Arquitectura Conceptual para Enriquecer la Gestión del Conocimiento Basada en Objetos Simbólicos

2006

Improving risk identification process in project management

Proceedings of the 28th International Conference on Software Engineering and Knowledge Engineering, 2016

Nowadays there are many information systems which aim the decision-making, automating the processes of project management. However, many times these systems limit the specific functions related to risk management processes and do not allow the control and effective treatment of uncertain events that may affect the project goals. Thus, this paper proposes the integrated use of the Delphi Technique and Risk Breakdown Structure-RBS in order to contribute to the identification of risks, considering the opportunities and threats in a project, to enhance the beneficial effects of the opportunities and avoid the harmful effects of threats. For the evaluation of the results, it was performed the improvement of a system called System to Aid Project Managing-SAPM, in order to support the automated execution of risk management with an emphasis on risk identification process, since this is a crucial stage for risk management in projects. As a result of this work, it is observed that the combined use of the Delphi Technique and RBS allows the risk identification process can be performed fast and safely through the anonymity of those involved and global visualization of the project.

An Innovative Approach for Risk Identification and Management in Software Projects

International Journal of Computer Sciences and Engineering, 2019

Risk is a potential issue that may trade off the achievement of a product advancement venture. The success of a project is altogether impacted by the risk management. The exactness of risk assessment specifically impacts the adequacy of risk management. In this paper, we examine the chance components. The Risk-matrix has been inspected and a checklist is made to perceive the significance of the risk .This paper deals with the risk factors identified with risk estimation ,risk analysis, venture board, risk scope, prerequisites and hazard factors identified with client fulfilment .Here we are adopting a method which consists of 2 phases. The first one is the risk identification and second is the risk management planning. Identification of the risk involves analytical methods like a risk checklist which evaluates the risk and risk assessment matrix. In risk checklist the probability of occurrences is taken and the possible negative effects for each risk is identified. Management of the risk involves various measures to be adopted to reduce the probability of risk events and to reduce the negative impacts of the risk events.

The Essence of Risk Identification in Project Risk Management: An Overview

International Journal of Science and Research (IJSR) ISSN: 2319-7064, 2020

Risk identification is a challenging process in the management of project risks. Most project managers tend to spend less time in identifying risks and more time in risk mitigation, ignoring the fact that unidentified risks cannot be mitigated. However, it is worth noting that risk identification forms the bedrock in the development of a suitable risk management plan. Once, the risk is identified proper planning process can be instituted to address it. The identification and management of risks can be a daunting task that requires the support of all project stakeholders. Moreover, the project manager does not have monopoly of knowledge and as such requires significant inputs from other stakeholders especially in identifying project risks. This paper delves into the meaning of risk, its significance and how it can be efficiently managed by the project team. In addition, it covers the techniques used to gather risk information, essence of the project risk register and categorization, analysis, response and monitoring of project risk. Considering the fact that a project is a risky venture; there is absolute need for the project manager and team to plan for it. Risks are uncertainties, that may or may not occur; but if it occurs and there is no plan to address it, can mess up the work of the project manager and thus, resulting in project failure. The planning for risks is inevitable in project management and as such should not be treated with levity. The rationale for having an effective risk management plan are thus; prevent waste of project resources, prevent the project from failing, timely delivering of the project, ability to meet client's requirements, serves as a source of learning for future projects.

Project risk management: A new approach

2011 IEEE International Conference on Industrial Engineering and Engineering Management, 2011

ABSTRACT The goal of project risk management is to provide insight into the risk profile of a project as to facilitate decision makers to mitigate the impact of risks on project objectives such as budget and time. A popular approach to determine where to focus mitigation efforts, is the use of so-called ranking indices. Ranking indices allow the ranking of project activities (or risks) based on the impact they have on project objectives. A distinction needs to be made between activity-based ranking indices (those that rank activities) and risk-driven ranking indices (those that rank risks). Because different ranking indices result in different rankings of activities and risks, one might wonder which ranking index is best? In this article, we provide an answer to this question. Our contribution is threefold: (1) we set up a large computational experiment to assess the efficiency of ranking indices in the mitigation of risks; (2) we develop two new ranking indices that outperform existing ranking indices and (3) we show that a risk-driven approach is more efficient than an activity-based approach.

Project Risk Management: Comparative Analysis of Methods for Project Risks Assessment

Collegium Antropologicum, 2014

Analysis of project risks leads to a deeper understanding of potential problems in the course of the project. A number of techniques and tools are used to that purpose, which can ensure effective assessments both quantitative assessments and measures for every project risk, and qualitative assessment in order to sort project risks according to their rank and category. This article analyzes some of the methods from the aspect of their advantages and disadvantages in application with the aim to facilitate the selection of the most convenient method for the particular project. A comparison was made of the following methods: PERT, Brainstorming, Delphi, Monte Carlo, sensitivity analysis method, probability analysis method, and the Decision Tree. Comparative analysis of methods for the assessment of project risks include those variables that have a major impact on the cost, time, or benefits, on which the project is most sensitive to. It is based on the relation of a particular technique or tools towards the description of the risk, towards all possible outcomes of risk, magnitude or seriousness of outcome, probability of the appearance of the risk event, probability of the possible outcome, time of the risk event and the interaction of the outcome of the risk with other parts of the observed project or of other projects.

Arquitectura Conceptual para Enriquecer la Gesti�n del Conocimiento Basada en Objetos Simb�licos (original) (raw)

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