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An Integrated Framework for Risk Response Planning Under Resource Constraints in Large Engineering Projects

Chao Fang, Franck Marle, Min Xie, Enrico Zio
2013 IEEE transactions on engineering management  
In this paper a quantitative framework of analysis for supporting decision-making in project risk response planning is developed and studied.  ...  Thus, the framework supports project managers" decision-making process in coping with the complexity of project risks and resource constraints.  ...  In the domain of project risk management, a matrix-based risk propagation model has been presented in [56] .  ... 
doi:10.1109/tem.2013.2242078 fatcat:456yeycm3nfdrjem4x3qvfcjme

Project portfolio risk management. Bibliometry and collaboration Scientometric domain analysis

Camilo Andrés Micán Rincón, Oscar Rubiano-Ovalle, Carolina Delgado Hurtado, Carlos-Augusto Andrade-Eraso
2023 Heliyon  
Three main research themes are obtained: Incorporation of Risk Assessment into Project Portfolio Selection problem, Risk Management as a Project Portfolio Management process, and Risk Analysis considering  ...  "Project Portfolio Risk Management" is approached through a bibliometry and collaboration networks study determining its dynamics and development as a formal domain that links Project, Risk Management  ...  Key terms-project management, risk management, project portfolio risk-are integral to this theme. Exploring shared resources and risk interactions aids risk mitigation in project portfolios.  ... 
doi:10.1016/j.heliyon.2023.e19136 pmid:37809855 pmcid:PMC10558319 fatcat:syvak5brinaxzajhvdfftxsf5q

Cross-cutting risk framework: Mining data for common risks across the portfolio

Gerald A. Klein, Val Ruark
2017 2017 IEEE Aerospace Conference  
data to FPD leadership and risk managers • Visibility into risk management planning and lessons learned Analysis • Features to trend and benchmark against other risks, projects, and lines of business  ...  a complete risk management picture spanning the entire flight projects portfolio Improved lessons learned by looking across cases and projects for commonalities Objective: Establish a portfolio-level  ... 
doi:10.1109/aero.2017.7943560 fatcat:5t3rtnd4ubdcrayqj733xa3ydm

Patterns in Information Systems Portfolio Prioritization: Evidence from Decision Tree Induction

Prasanna Karhade, Michael J. Shaw, Ramanath Subramanyam
2015 MIS Quarterly  
assessment/mitigation of risks.  ...  with low consistency and focused on risk assessment/mitigation.  ...  Managers had worked with certain mature technologies in the past and delivered successful projects.  ... 
doi:10.25300/misq/2015/39.2.07 fatcat:fqwjueisvrchhpuzrxmhzei2dq

Major Project Risk Management: Reconciling Complexity During Delivery with the Inside View in Planning

Paul Chapman, Cuong Cuang
2021 Volume 10  
Recent research on the origins of risk during the planning and delivery of major projects broadly addresses two root causes: (i) complexity at the planning phase and also during project delivery, and;  ...  This paper presents the results of a systematic review that finds a schism in the literature showing theoretical and empirical treatment of project delivery risk polarises into considering either the effect  ...  Tactics: Develop management plans that increase likelihood of IT project success by mitigating seven root causes of IT project failure.  ... 
doi:10.25219/epoj.2021.00104 fatcat:vv5kcdezmfe4vfszwwiryea26e

Leveraging Limited Research and Development (R&D) Resources in the Public Sector

Michael Senglaub
1996 INCOSE International Symposium  
In DOCUMEN tS UNlJMITED Gt.t  ...  These system architectures are archived for future use and used in follow-on analyses to estab-cost estimation need to be used to predict trends. Risk mitigation plans.  ...  There also seems to be a consensus that project management planning activities needs to be formalized in the R&D organization.  ... 
doi:10.1002/j.2334-5837.1996.tb01986.x fatcat:rhvid257nrgktdghptfe4cu6hq

The Study into Factors Reducing Investment Project Financing Risks

U.S.-E. Khakhanaev, Chechen State University (CHSU)
2019 Digest Finance  
The article formulates methodological recommendations to manage risks of investment project financing in an innovative manner and use the relevant tools, i.e. the catalog of factors reducing investment  ...  project financing risks.  ...  Acknowledgments The study was supported by the Russian Foundation for Basic Research (RFBR) as part of scientific project № 19-310-90024.  ... 
doi:10.24891/df.24.4.395 fatcat:qioetscau5a33iym6gjosog6z4

PROJECT SCHEDULING OPTIMIZATION IN ELECTRICAL POWER UTILITIES

Cleber Mira, Paulo R. Viadanna, Maria Angélica Souza, Arnaldo Moura, João Meidanis, Gabriel A. Costa Lima, Renato P. Bossolan
2015 Pesquisa Operacional  
In [5] the authors propose a multi-step approach to what they name the portfolio management problem.  ...  Minimize risk exposures; 3. Increase return over investments; Reduce operation costs; In this power generation company, there are two kinds of projects:  ...  Non-risk management projects: these are projects that do not contribute to the prevention or mitigation of risks.  ... 
doi:10.1590/0101-7438.2015.035.02.0285 fatcat:sr7ajyn3crep3c3tagf52ghmbu

Risk-based methods for sustainable energy system planning: A review

Anastasia Ioannou, Andrew Angus, Feargal Brennan
2017 Renewable & Sustainable Energy Reviews  
This paper provides a state-of-the-art literature review of the quantitative and semi-quantitative methods that have been used to model risks and uncertainties in sustainable energy system planning and  ...  As the number of RE investments increases, so does the need to measure the associated risks throughout planning, constructing and operating these technologies.  ...  No new data were collected in the course of this research.  ... 
doi:10.1016/j.rser.2017.02.082 fatcat:w64kzevvbnfsndsqkstx4to5n4

Risk analysis applied to petroleum exploration and production: an overview

S.B. Suslick, D.J. Schiozer
2004 Journal of Petroleum Science and Engineering  
making process, portfolio management, and real options approach.  ...  of the main trends in risk analysis.  ...  the other projects in the portfolio.  ... 
doi:10.1016/j.petrol.2004.02.001 fatcat:ximuaydjpffjnhizeusg43bsqq

How Hurricane Katrina influenced the design of hurricane protection and risk reduction systems and national approaches to risk and resilience. Part 2: Designing the Hurricane and Storm Damage Risk Reduction System and resulting long-term engineering guidance and practice changes

Lewis E. Link
2021 Water Policy  
from 'protection' to 'risk reduction' as the principal goal in flood mitigation.  ...  The mitigation of the flood risk in Southeast Louisiana was embodied in the design and construction of the 'Hurricane and Storm Damage Risk Reduction System', the post-Katrina initiative for New Orleans  ...  This Regulation provides USACE guidance for incorporating the direct and indirect physical effects of projected future sea-level change across the project life cycle in managing, planning, engineering,  ... 
doi:10.2166/wp.2021.347 fatcat:ggrzaugz5rcrtb5dslxdecvv2u

Navigating financial and supply reliability tradeoffs in regional drought management portfolios

Harrison B. Zeff, Joseph R. Kasprzyk, Jonathan D. Herman, Patrick M. Reed, Gregory W. Characklis
2014 Water Resources Research  
Financial mitigation tools can mitigate the impacts of this variability, allowing for an alternative suite of improved solutions.  ...  This analysis provides a general template for utilities seeking to navigate the tradeoffs associated with more flexible, portfolio-style management approaches.  ...  Concepts related to the third-party index insurance products described in this work are subject to a pending patent. Water Resources Research 10.1002/2013WR015126  ... 
doi:10.1002/2013wr015126 fatcat:dzjtaf5jjvhafcsnskfhra6sau

The influence of risk management on the project portfolio success – proposal of a risk intensity matrix

Ricardo Luis Zanfelicce, Roque Rabechini Jr
2021 Gestão & Produção  
In order to evaluate the risk management influence over the portfolio success, this article proposes a matrix which suggests the risk management intensity associated with the project portfolio management  ...  The findings revealed a low intensity of project portfolio risk management.  ...  following searching keyword: ("Management of risk*" OR "managing risk*" OR "management of uncertaint*" OR "managing uncertaint*" OR "uncertaint* management") AND ("project portfolio management" or "project  ... 
doi:10.1590/1806-9649-2020v28e5264 fatcat:3xfmrcq7ibedjnesuxzyprcdx4

Addressing Climate Change Mitigation and Adaptation Together: A Global Assessment of Agriculture and Forestry Projects

Rico Kongsager, Bruno Locatelli, Florie Chazarin
2015 Environmental Management  
Some adaptation project developers were interested in mitigation for the prospect of carbon funding, whereas mitigation project developers integrated adaptation to achieve greater longterm sustainability  ...  We assessed how climate change project design documents (PDDs) considered a joint contribution to adaptation and mitigation in forestry and agriculture in the tropics, by analyzing 201 PDDs from adaptation  ...  Methods and Data Project Selection We searched and downloaded PDDs in major portfolios of climate change projects ( Table 1) .  ... 
doi:10.1007/s00267-015-0605-y pmid:26306792 fatcat:7f5f5p75ofa5llgmkobq5kmkxy

Managing Highly Innovative Projects: The Influence of Design Characteristics on Project Valuation

S. Sinan Erzurumlu, Jane Davies, Nitin Joglekar
2014 IEEE transactions on engineering management  
These projects face multiple sources of uncertainty in high risk situations, and require specialized knowhow and longer periods for revenue growth than their counterparts in other industries.  ...  Advanced Research Projects Agency-Energy (ARPA-E) to conduct a comparative study of how operations design can hedge risk and enhance project valuation in technology development and deployment stages.  ...  e.g., production planning and control, human resource management, organizational design, quality management practices, as well as investments in capability building to mitigate value degradation due to  ... 
doi:10.1109/tem.2014.2304957 fatcat:qfz27mm46ngcni7erqw3iglcyy
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