An Assistance to Project Risk Management Based on Complex Systems Theory and Agile Project Management

Marle, Franck

doi:10.1155/2020/3739129

Cited by 16 publications

(15 citation statements)

References 68 publications

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“…This concept is adopted from the project risk term, which is defined as “ an uncertain event or condition that, if it occurs, has a positive or a negative effect on a project objective .” 19 From normative rational theory, risk in project could be positive (opportunities) or negative (threats). 169,170,171,172,173 Positive challenges are associated with “opportunities” that could be gained from complexity aspects, and negative challenges are related with the “loss” from complexity condition. For instance, due to limited experience, several megaproject teams or stakeholders in developing countries often under uncertain conditions for structural aspect in the technology are to be applied.…”

Section: Resultsmentioning

confidence: 99%

Clarifying megaproject complexity in developing countries: A literature review and conceptual study

Damayanti

Hartono

Wijaya

2021

International Journal of Engineering Business Management

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Complexity is considered one of the hallmarks of megaproject failure; however, no common definition of complexity in the megaproject context exists in contemporary literature; particularly in developing countries. The present study explores the definitions, characteristics, and strategy to respond to the complexity of megaprojects in developing countries. An exploration of normative theories and a systematic literature review were performed to investigate the concept of complexity. This study proposes the definition of complexity as a “challenge” for entities—including project managers—in megaproject management. This definition extends to encompass both positive and negative challenges, offering a more balanced perspective on the causes of failure in addition to the sources of opportunities for innovation. We determine the aspects of megaproject complexity associated with structural and social factors of interrelatedness, nonlinearities, and emergence. This study proposes a formal definition, clarifying the characteristics of complexity and synthesizing strategy themes that respond to megaproject complexity. This resulting study provides insights for both megaproject researchers and professionals.

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Section: Resultsmentioning

confidence: 99%

Clarifying megaproject complexity in developing countries: A literature review and conceptual study

Damayanti

Hartono

Wijaya

2021

International Journal of Engineering Business Management

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“…erefore, it is of great significance to identify logistics risks and correctly evaluate the reduction ratio of different logistics risks in order to optimize the resources where the most obvious benefits can be obtained. e research on project risks is helpful in making effective decisions to reduce the degree of construction project risk exposure [12]. In the current wave of globalization, there are a wide range of risks associated with international construction projects.…”

Section: Literature Reviewmentioning

confidence: 99%

Evaluation of Key Factors of Logistics Risks for Overseas EPC Projects

Han

2022

Advances in Civil Engineering

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Correctly identifying and evaluating the logistics risks of EPC (engineering procurement construction) projects is conducive to strengthening the risk prevention and control of engineering projects. An evaluation index system for the logistics risk factors of overseas EPC projects was established, and the entropy-DEA (Data Envelopment Analysis) method used to evaluate and sort risk decision-making unit (DMU) with risk likelihood and risk consequences as decision variables. The risk reduction ratio and improvement space of each risk DMU are obtained, and the risk factor distribution matrix is constructed, pointing out that legal risks, operational risks and management risks are the primary risk DMU, which provide reference decisions for the optimal allocation of resources. Finally, it is proposed to carefully select overseas logistics carriers, conduct in-depth research before formulating logistics plans, pay attention to logistics process tracking and supervision, and strengthen logistics packaging and bundling technologies.

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“…A challenge to be considered, according to [12], is local government debt as a major problem in China's financial operations for a long time, and it has also become a key problem that seriously affects the financial risk of governments in any country. e construction of the local government debt risk assessment system should be based on the analysis of the government debt situation, and the risk assessment results should reflect the level of local government debt risk and help the local government to find and resolve risks in a timely manner [13]. According to [14], it is concluded that e-government directly affects the participation of citizens in budget documents and indirectly affects the increase of control, transparency, and accountability.…”

Section: Introductionmentioning

confidence: 99%

A Novel Approach to Improving E‐Government Performance from Budget Challenges in Complex Financial Systems

2022

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Today, the risk management of budget challenges throughout the budget process is greater than ever. The process of change has been driven by new information and communication technologies, resulting in e-government. The purpose of this scientific paper is to see whether budgetary challenges have an effect on the performance of e-government in complex financial systems based on factors F1, F2, F3, F4, and F5: lack of information, lack of cooperation, lack of resources and reduction of focus, lack of budget experts and financial stability, and shortcomings and inconsistencies during the budget process. Therefore, this study aims to advance the understanding of how to manage risks from budgetary challenges by focusing on a novel approach to improve e-government performance in complex financial systems. Empirical research was based on three key issues: an approach to e-government, analyzing which variables need more attention to risk, and learning how to meet budgetary challenges to improve performance during governance. For this study, the data were conducted by Kosovo’s public institutions, more specifically at the central level (Ministry of Finance) and at the local level (38 municipalities of Kosovo). A total of 38 questionnaires were analyzed and divided into three sessions, which were analyzed through three analyses, such as factor analysis, data reliability analysis, and multiple regression analysis, using SPSS version 23.0 for Windows. The research was conducted over the years 2017, 2018, 2019, and 2020, while the analysis involved several processes, where some of the factors were removed in order to make the model acceptable. In this case, 21 variables were tested and divided into 5 factors. The results showed that special attention should be paid to these factors to reduce budgetary challenges and increase the performance of e-government in complex financial systems, such as (a) lack of resources (staff, funds, infrastructure, tools, etc.), (b) increasing the focus on risk management even after the transfer of funds from the ministry to the municipality, (c) the selection of programs based on priorities and not on the basis of wishes and policies, (d) having political stability, rule of law, and more control, and (e) having regulations and guidelines from the practices of developed countries as well as taking into account the opinions of budget experts. The implications of this paper have to do with only a considerable number of variables, which were taken in the study as well as only in the municipalities of Kosovo. In this case, for other analyses by other researchers, other variables can be analyzed in other countries by making comparisons.

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An Assistance to Project Risk Management Based on Complex Systems Theory and Agile Project Management

Cited by 16 publications

References 68 publications

Clarifying megaproject complexity in developing countries: A literature review and conceptual study

Clarifying megaproject complexity in developing countries: A literature review and conceptual study

Evaluation of Key Factors of Logistics Risks for Overseas EPC Projects

A Novel Approach to Improving E‐Government Performance from Budget Challenges in Complex Financial Systems

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