project risk management Articles

  • Risk management in information technology projects

    There are several studies on managing risks in information technology (IT) projects. Most of the studies identify and prioritise risks through empirical research in order to suggest mitigating measures. Although they are important to clients for future projects, these studies fail to provide any framework for risk management from IT developers' perspective. Although a few studies introduced a ...


    By Inderscience Publishers

  • Fuel terminal upgrade installs advanced valve actuation and control - Case Study

    Sector: Oil & Gas Category: Control Networks, Electric Actuators, Fluid Power Actuators, Services Products: CP, Extended Scope, Field Service, IQ3 Range, Pakscan Overview Independent tank storage provider Vopak is increasing and enhancing fuel capacity at the Vopak Terminal Durban in South ...


    By Rotork

  • Dynamic analysis of project risk

    This paper first proposes an approach to risk dynamics analysis during the project's early phase in order to improve the identification and implementation of suitable response actions. Secondly, an approach is proposed to monitor and control the global project risk during the entire project life-cycle by defining a project risk baseline. Both approaches have been applied to a very ambitious ...


    By Inderscience Publishers

  • Risk Analysis for SSO Projects

     ABSTRACT In 1999 the City of Atlanta negotiated a comprehensive settlement titled the First Amended Consent Decree (FACD) with the United States Environmental Protection Agency (EPA) and Georgia Environmental Protection Division (EPD) to address its sanitary sewer system to prevent future Sanitary Sewer Overflows (SSOs). The Clean Water Atlanta Program Management Team (PMT) has ...

  • Risk management in build-operate-transfer projects

    Construction projects are risky. A build-operate-transfer (BOT) project is recognised as one of the most risky project schemes. This scheme has been employed rather frequently in the past few decades, in both developed and developing countries. However, because of its risky nature, there have been failures as well as successes. Risk analysis in an appropriate way is desirable in implementing BOT ...


    By Inderscience Publishers

  • Systemic project risk management - the way ahead

    Project Risk Management (PRM) has become recognised as an important part of project planning and management. This paper briefly outlines the current state of PRM in design and development projects The development of PRM tools based upon project decompositions has brought significant benefits. For modern highly complex projects, however, this has proved to have significant flaws, particularly ...


    By Inderscience Publishers

  • Managing EH&S software project risks

    Organizations today increasingly face environment, health, and safety (EH&S) challenges. To help meet these challenges, many enterprises are seeking software solutions that will help them remain competitive and avoid using additional staff resources. But what should organizations know before taking on significant in-house information technology (IT) projects? Read on to learn a few ways to ...


    By Lexicon Systems, LLC

  • Renewable Energy Projects on Contaminated Property: Managing The Risks

    Managing brownfields risks requires complex technical and legal analysis. Analyzing risks in renewable energy projects is equally complex. Both projects involve several contracts that must be integrated and made consistent with each other. Combining these types of projects creates a unique combination of risks, including, for sites where institutional/engineering controls are part of the remedy, ...

  • Foundations of integrated risk management

    This paper concentrates on broadening the concept of risk management beyond the considerations of cost, schedule and performance. The author uses his experience with NASA to provide both a foundation for an integrated risk management plan and a tentative plan. The plan integrates risk across both the temporal and the hierarchical dimensions.Keywords: integrated risk management, project ...


    By Inderscience Publishers

  • Risk management versus incentives

    Portfolio theory indicates that risk management should take place at the group level. Hedging at the project level or in the individual business areas may lead to suboptimal results. However, the efficiency of a profit centre depends on its management's being able to influence factors that are crucial to the unit's financial results. Price hedging could be one such factor. In the wider ...


    By Inderscience Publishers

  • Risk management in a scientific research nuclear installation decommissioning project

    With the development of nuclear technology and engineering, more and more scientific research nuclear installations have already or will enter the phase of decommissioning. Based on the risk management of a nuclear installation decommissioning project, this paper analyses the risk factors and their effects, then puts forward relative measures and suggestions.Keywords: nuclear decommissioning, ...


    By Inderscience Publishers

  • Renewable Energy Projects on Contaminated Property | Managing the Risks Part II

    Part II of Renewable Energy Projects on Contaminated Property | Managing the Risks The First entry can be found at Part I Risk and Exposures in the Life Cycle of a Project The typical renewable energy project involves multiple parties: tax equity investors; equity investors; local utilities; engineering, procurement, ...

  • A risk mitigation approach for concurrent engineering projects

    Generally, risks are encountered and generate negative outcomes in concurrent engineering (CE) projects including project delays, cost overruns and unacceptable quality. These outcomes can be avoided by establishing a systematic risk management process. In this research, a risk management approach used is outlined, according to Australia and New Zealand risk management standard (AS/NZS 4360: ...


    By Inderscience Publishers

  • A desirable future for technology risk management

    This paper outlines a scenario for the future of Technology Risk Management which the author suggests is internally consistent, linked to current practice, achievable, and desirable. It is a personal view which reflects the concerns and goals of the author. It is offered as a basis for discussion with others of the goals we might seek jointly to facilitate effective progress.Keywords: risk ...


    By Inderscience Publishers

  • Green IPP projects - reflections on risk structure

    One of the most important hindrances that still impede many renewable energy projects is the perception of such projects by potential lenders and investors as low-profit and risky undertakings. This paper aims at delineating a more precise picture of these groups of energy projects explaining more in detail the risk characteristics that are shared by both groups of energy projects and the ...


    By Inderscience Publishers

  • Risk-based asset integrity management

    Within the area of management of process plant integrity, there has been a significant shift toward the adoption of risk-focused methods such as reliability centered maintenance (RCM) and risk based inspection (RBI), rather than following traditional preventative maintenance methods and prescriptive inspection intervals. There are various reasons for this trend, but the primary benefit that asset ...


    By ABS Consulting

  • Total cost management of interdependent projects

    This paper develops a methodology based on Portfolio Analysis to select a configuration of interdependent projects. Several methodologies were developed to help selection of investment projects. These methodologies do not consider inter-project dependency. The decision to minimise some kind of costs in a project may have as consequence a very large cost for the whole system. This is particularly ...


    By Inderscience Publishers

  • Decision-making and risk management in a globalised knowledge economy

    This paper presents an exposition of the role of knowledge, empiricism within the domain of knowledge, and the role of judgment in decision-making and risk management. The concept of risk management is explained with an example of programme management for infrastructure project delivery. Drawing upon the lessons from economics, cognitive neuroscience, the history of management, and education, ...


    By Inderscience Publishers

  • Effective risk management: a goal based approach

    The United States Department of Defense (DoD) and National Aeronautics and Space Administration (NASA) have implemented ambitious risk management programmes on top research and development projects. Typically, risk is expressed strictly in terms of cost, schedule or technical performance. This approach can result in the obscuration of other important project objectives. Further, methods for ...


    By Inderscience Publishers

  • Energy and carbon management are cornerstone to risk mitigation strategies

    The landscape for national compliance reporting thresholds for facilities was about to dramatically increase in scale and the company did not have the resources and systems to measure, manage and report the required data in a timely and accurate manner. This organization with vast resources deployed across much of Western Canada was suddenly exposed to an alarming degree of financial risk for ...


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