Application of Systems Engineering to Risk Management

Abstract

System engineering is an interdisciplinary field of engineering and engineering management that focuses on the design and management of the system. The system as a whole is the concern, which is followed by more technical aspects of the system, the design of everything, and the management of a complex system. Inspecting and making the system more efficient is the focus for system engineers. Additionally, risk management is being able to predict, evaluate, and solve risks that are going to happen or may happen in the future. There are three models that help system engineers with making a complex system look simpler and less frightening: the Vee, Spiral, and Waterfall models. While system thinking is a very important part of system engineering, there always has to be a collection of data to study for making decisions. As of now, there is no explanation in literature how these variables, their concepts, and models are beneficial to project management. This has created a research gap, so the study examined the most current variables, their concepts, and models in operations and project management. Furthermore, a design-science-investigate strategy was used to approve a valuable growth reveal for both reasonable and hypothetical application. As a result, an assessment model was generated to fill the research gap and to contribute to the engineering field through improved project success rates and team communication.

Spatio-Temporal Graph for Improvement of Decision-Making in Risks Treatment

“…In this perspective, many works aimed to model complex systems and have been carried out by various authors (Aslani et al, 2020;Galli et al, 2020;Gouriveau et al, 2004;Nazeri et al, 2017;Latsou et al, 2019;Paul S.K et al, 2019;Weber et al, 2012) in order to enhance risk management techniques that identify, analyze and mitigate risks.…”

“…Three scenarios were defined then analyzed to support decision makers. For other recent related works, one can refer to a review of risk management in System engineering in engineering management was given by Galli et al, (2020). The review focuses on the design and management of the system.…”

Agricultural Supply Chain Risk Management Under Price and Demand Uncertainty

“…Researchers used different types of models such as systems engineering, optimization, simulation modelling etc. for managing risks (Kumar & Anbanandam;Galli, 2020). Though studies consider both strategies, there still exists the lack of optimization model that includes perishability, demand and price uncertainty together with supply-side risks.…”

Enhancing Behavioral Dependency for Effective Computing in Software

“…Han et al (2008) used the concept of behavioral dependency in sequence diagrams and class diagrams. Galli (2020) gave a review of risk management on the applications of systems. Various factors were determined for the analysis of risk in a system.…”