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Enhancing Program Risk Management: A Social Network Approach

  • Wenxin SHEN (Department of Construction Management, School of Economic and Management, Beijing Jiaotong University) ;
  • Xiaofan ZHAI (Department of Logistics Management, School of Economic and Management, Beijing Jiaotong University) ;
  • Jingjie XIONG (Department of Construction Management, School of Economic and Management, Beijing Jiaotong University)
  • Published : 2024.07.29

Abstract

Program management presents unique challenges due to the complexity of interrelated projects and increased stakeholder engagement. While existing literature mainly focuses on project-level risk management, inter-project risks remain underexplored. This research addresses this gap by proposing a program risk analysis method that integrates project interdependence and stakeholder engagement. Leveraging social network analysis, the model enhances program risk management efficiency by identifying four types of inter-project risks and suggesting tailored response strategies. Through a case study of the Expo 2020 construction program, the effectiveness of the framework is demonstrated. This study enriches program and risk management literature, deepening our understanding of enhanced risk management in multi-project contexts.

Keywords

Acknowledgement

The support of National Natural Science Foundation of China (Grant Nos. 72201027) is gratefully acknowledged.

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