Selection of risk response actions with consideration of secondary risks

Zuo, Fei; Zhang, Kailing

doi:10.1016/j.ijproman.2017.11.002

Cited by 36 publications

(20 citation statements)

References 40 publications

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“…According to Figure 1, after obtaining all journal articles through keyword search, the second-round refinement of the literature was performed to remove articles that did not fall into the project management field. Project management, as defined by multiple studies [37][38][39][40], generally involves the monitoring and control of project performance in terms of cost, time, quality, and risks. Following the second-round refinement, a third-round checking was performed to further remove articles which did not focus on PPP-related research themes.…”

Section: Bibliometric Analysis Abstractearch Was Performed Inmentioning

confidence: 99%

A Holistic Review of Public‐Private Partnership Literature Published between 2008 and 2018

Jin

et al. 2019

Advances in Civil Engineering

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Adopting a holistic approach in the review of the public-private partnership (PPP) literature published since 2008 by incorporating scientometric analysis and further systematic analysis, this study aims to provide the big picture of the state-of-the-art research in PPP by addressing major issues and suggesting research trends in PPP. Following a three-step research methodology, this study started from a bibliometric analysis with science mapping to provide the state-of-the-art information on PPP research keywords, scholars, journal articles, institutions, and countries. A further systematic review was also conducted to identify future research directions of PPP in project management. The review of the existing literature in PPP revealed that there had been insufficient systematic approach in summarizing the research topics and proposing new research trends in PPP-related project management. It was further indicated that sustainability and innovation in PPP could be further studied, such as integrating building information modeling with PPP. Factors related to barriers in PPP implementation would continue growing. Future research directions in PPP were also proposed following the systematic review, for example, comparative studies of PPP practice between developing and developed countries. The current study provides a comprehensive approach by integrating bibliometric analysis, science mapping, and qualitative analysis in the latest PPP research. It reveals the contemporary research themes in PPP and provides directions for near-future directions of PPP research in project management.

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Section: Bibliometric Analysis Abstractearch Was Performed Inmentioning

confidence: 99%

A Holistic Review of Public‐Private Partnership Literature Published between 2008 and 2018

Jin

et al. 2019

Advances in Civil Engineering

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“…Equation (4) was used to get the total relation matrix, where I was the identity matrix. The row sum and column sum from matrix T were shown in Equations (5) and (6).…”

Section: Choosing Evaluation Indexes Using Dematelmentioning

confidence: 99%

“…Step 5: Calculation of center degree and cause degree. Using Equations (5) and (6) to get row sum and column sum, (r i + f j ) and (r i − f j ) were shown in Table 7. The influence of elements was relatively large, and no index needed to be discarded.…”

Section: Costs (B)mentioning

confidence: 99%

“…If risk response cannot be implemented effectively, the effect of risk assessment will be affected, causing a negative impact on risk management. However, in risk practice, due to the lack of mature models and tools to choose appropriate response strategies, risk response does not receive enough attention in comparison with risk assessment [6,7], and this phenomenon is especially common in the railway industry. put forward a new MCDM model using the fuzzy decision-making trial and evaluation laboratory, fuzzy ANP, and fuzzy TOPSIS to select green suppliers.…”

Section: Introductionmentioning

confidence: 99%

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An Integrated MCDM Approach to Train Derailment Risk Response Strategy Selection

Zhang

Sun

2019

Symmetry

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Train derailment can mainly cause not only economic losses in the shape of mangled rolling stock or infrastructure, but also more severely in causalities and disruptions of operations, yielding great impact on the sustainable development of railway industry. Considering various complex and symmetrical operational environments, as well as the characteristics of low frequency and high consequences of derailment accidents, risk response is undoubtedly underlined as one of the most critical components of risk management process. However, in practice, risk response does not receive enough attention in comparison with risk assessment that it lacks mature models and tools for selecting optimal strategy. This study constructs an integrated Multi Criteria Decision-Making (MCDM) model for the selection of optimum train derailment risk response strategy for the first time. In the model, decision making trial and evaluation laboratory (DEMATEL) technology is connected with analytical network process (ANP) to obtain evaluation criteria and their relative weights, and both of the two methods can deal with the complex coupling relationship between the indicators in the system. Then, technique for order performance by similarity to ideal solution (TOPSIS) is proposed to screen the optimum plan in the proposed model. Further, the Delphi method is used through the whole process to acquire expert advice. In the end, this model is used to select shunting derailment risk response strategies in Huangyangcheng station, and the final results demonstrate that this technology is simple and practical, and can provide a credible and practical tool for railway safety managers and engineers to choose the best risk response strategy.

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“…Risk response used the collective information in the analysis stage and in order to take decision how to improve the possibility to complete the project within time, cost and performance. Project managers should allocate more budgets for responding the project risk when the secondary risk is considered, and consider all factors relating to both time and cost so as to select appropriate RRAs to mitigate primary risk and secondary risk [2]. Risks affect integrated risk management paper found risks concerning employees, performance, responsibilities, agreements and timing [3].…”

Section: Introductionmentioning

confidence: 99%

A Framework to Predict Time and Cost Risks based on Project Factors

Jalili

Skitmore

2018

Civ Eng J

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The occurrence and severity of risks are directly associated with the project factors, and in the case of determining a logical and significant correlation between project factors and risks, the final conditions of the project based on the initial and definite project factors can be predicted. In this research, a final list of 112 risks was prepared using the views of experts. Then, the risks’ weight was determined based on their impact on time and cost and according to the repetition of each risk in the earlier studies, as well as the use of 630industry experts using online web-based forms. Afterwards, 21 project factors that could affect the probability of occurrence and severity of risks related to time and cost were identified, and these factors were prioritized for each risk using the views of 25 experts. Then, applying the Pareto Principle, 14 project factors were identified. In all 4cases, including calculating the weight of risks in the technical literature as well as the experts’ views by time and cost, 14 selected factors were the same, but the weight and effects were different. The results indicate that considering these factors, the risks of time and cost increase from the initial estimate can be accurately predicted.

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Selection of risk response actions with consideration of secondary risks

Cited by 36 publications

References 40 publications

A Holistic Review of Public‐Private Partnership Literature Published between 2008 and 2018

A Holistic Review of Public‐Private Partnership Literature Published between 2008 and 2018

An Integrated MCDM Approach to Train Derailment Risk Response Strategy Selection

A Framework to Predict Time and Cost Risks based on Project Factors

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