Managing secondary risks with optimal risk response strategy and risk-related resource scheduling

External stakeholder risk response strategies selection in project portfolio

“…Noting that the implementation of risk response strategies may lead to secondary risks that could interfere with the achievement of project objectives. Zuo and Zio [ 42 ] further designed a mixed-integer optimization mode with the objective of minimizing project cost and duration for determining optimal primary and secondary risk response strategies. The outcomes of this study provide valuable insights for managers to better manage primary and secondary risks simultaneously.…”