A Risk Register Database System to aid the management of project risk

Patterson, Fiona D; Neailey, Kevin

doi:10.1016/s0263-7863(01)00040-0

Cited by 96 publications

(51 citation statements)

References 7 publications

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“…Most of the research on risk management has focused on risk identification and analysis (Kirkire et al 2015). The information which is generated through the use of project risk management is applied within the project (Patterson and Neailey 2002). The main purpose of project risk management is to identify, evaluate, and control the risks for project success (Lee et al 2009).…”

Section: Literature Survey Risks Involved In Projectsmentioning

confidence: 99%

Analysis of interactions among barriers in project risk management

et al. 2017

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In the context of the scope, time, cost, and quality constraints, failure is not uncommon in project management. While small projects have 70% chances of success, large projects virtually have no chance of meeting the quadruple constraints. While there is no dearth of research on project risk management, the manifestation of barriers to project risk management is a less dwelt topic. The success of project management is oftentimes based on the understanding of barriers to effective risk management, application of appropriate risk management methodology, proactive leadership to avoid barriers, workers' attitude, adequate resources, organizational culture, and involvement of top management. This paper represents various risk categories and barriers to risk management in domestic and international projects through literature survey and feedback from project professionals. After analysing the various modelling methods used in project risk management literature, interpretive structural modelling (ISM) and MICMAC analysis have been used to analyse interactions among the barriers and prioritize them. The analysis indicates that lack of top management support, lack of formal training, and lack of addressing cultural differences are the high priority barriers, among many others.

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Section: Literature Survey Risks Involved In Projectsmentioning

confidence: 99%

Analysis of interactions among barriers in project risk management

et al. 2017

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“…Project risk management issues are well described, both with regard to their methods [1,49] and applications [2,3,[50][51][52]. The management of risks at the portfolio level may enhance the effectiveness of risk management compared to the independent consideration of risks at the project level [16,53].…”

Section: Project Portfolio Risk Managementmentioning

confidence: 99%

Shedding New Light on Project Portfolio Risk Management

2017

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This paper constitutes an innovative attempt to analyse the risks and negative phenomena dependencies within a project portfolio. Based on the available literature, the risks and negative phenomena (that is, the problems with the availability of resources, interpersonal conflicts, irregularities in the portfolio balance, etc.) specific to a project portfolio were identified. Theoretical constructs were then used to connect the identified risks with the negative phenomena. Structural equations were used to confirm the existence and quality of these constructs, as well as models describing connections between phenomena. The determination of the structural equations also provided a setting in which statistical methods (χ 2 , RMSEA and CFI) could be used to investigate the level of fit of the constructs and models to the empirical data.

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“…The first is that of a repository of a corpus of knowledge… The second role of the risk register is to initiate the analysis and the plans that flow from it". While (Patterson and Neailey 2002) reported that very few development and construction of risk registers although it is commonly used in Risk Management. As such, risk register developed in this work can represent as a risk dashboard in which one can see a list of risks triggered by the ART agents.…”

Section: Outputmentioning

confidence: 99%