• Title/Summary/Keyword: Project risk

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Agile Risk Mitigation Framework

  • Naz, Anum;Khan, Ahmad Salman;Atif, Muhammad
    • International Journal of Computer Science & Network Security
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    • v.21 no.12spc
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    • pp.586-596
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    • 2021
  • Software organisations follow different methodologies for the development of software. The software development methodologies are mainly divided into two categories, including plan-driven and agile development. To attain project success, it is very significant to consider risk management during whole project. Agile development is considered risk-driven, but many risks are unreported at the industrial level. The risks can be divided into three categories, including (i) development risks, (ii) organisations risks, and (iii) people-oriented risks. This paper deals with Development risks specifically. Several risks related to development are faced by people working in the industry while dealing with agile development. Their management among the industry is a big issue, so this paper emphasises ARMF based on development-related risks by following agile development. This research work will help software organisations to prevent different project-related risks during agile development. The risks are elicited at two-level, (i) literature-based and (ii) IT industry based. A systematic literature review was performed for eliciting the agile risks from the literature. Detailed case studies and survey research methods were applied for eliciting risks from IT industry. Finally, we merged the agile development risks from literature with standard industrial risks. Hence, we established an agile risk mitigation framework ARMF based on agile development and present a groundwork established in light of empirical examination for extending it in future research.

Visualizing Method of 4D Object by Weight of Construction Risk Factors (4D객체 활용에 의한 건설공사 리스크 인자별 중요도 시각화 기법연구)

  • Kang, Leen-Seok;Park, Seo-Young;Kim, Chang-Hak;Moon, Hyoun-Seok
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.571-573
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    • 2006
  • This study suggests a reasonable method for visualizing risk management level by risk weight linked with 4D model. This study defines risk management procedures as preparation, identification, analysis, response and management to manage potential risks in the construction project. The modules for computerizing in this system consist of planning, construction, application of WBS (Work Breakdown Structure) and RBS (Risk Breakdown Structure), and risk analysis. The final results include a method for visualizing risk level by each element of the project by using 4D simulation technique. It can be used as a visualized risk management tool instead of current system using numerical data.

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Improving Qualification of Safety Manager at Construction Site (건설현장 안전관리자의 자격기준에 관한 연구)

  • Gal, Won-Mo;Son, Ki-Sang;Jeong, Se-Gyun;Choi, Jea-Nam
    • Journal of the Korea Safety Management & Science
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    • v.11 no.2
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    • pp.111-115
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    • 2009
  • As shown in the accident analysis from 2007, it has been found that causes of accidents on large-scale projects are different from those found in general construction projects. A 300-question survey regarding systematic and practical aspects of safety problems at construction sites was distributed to ten (10) different companies. Participants were to respond subjectively, so that the results could be used to assemble the first formal questionnaire survey. They were collected and compiled by an advisory committee for this study. The resulting surveys were then sent to the division chiefs of the top 100 construction companies in Korea, in order to improve the response rate. The Department of Safety & Health Direction, and the :Ministry of Labor, ROK sent the same sheets to medium and small construction companies that placed within 101-200th of all Korea construction companies. The above safety engineers were classified into four (4) levels, from 1st to 4th, followed by the project dollar amount and risk level. Formulae were developed to assign safety engineers to construction sites by engineer level, the project dollar amount, and the project risk level. Conclusions are summarized as follows: 1) Reviewing the assignment system of experienced safety engineers to large scaled projects - The more experienced the engineers assigned to a project, the higher the level of accident prevention. 2) Enforcing the assignment of advanced level safety engineers to large-scaled sites - At least one advanced-level safety engineer should be assigned to construction sites with projects valued at $15million USD (15,000,000,000). 3) For assigning safety engineers by risk level - Twenty models have been developed to calculate the number of safety engineers to be assigned by risk level. In the future, risk level for each job should be established by the government (as is now the practice in Germany).

Construction Process based Schedule Risk Management System (공사프로세스기반 공정리스크 관리지원 시스템)

  • Yoon, You-Sang;Suh, Sang-Wook;Park, Moon-Seo;Jang, Myung-Houn
    • Korean Journal of Construction Engineering and Management
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    • v.9 no.4
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    • pp.101-110
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    • 2008
  • In order to achieve the best performance of a project, uncertainties involved in the building construction process need to be identified in the planning phase of the project. Risk management plays a significant role in construction to minimize risk occurred due to uncertainties of a project. Although the importance of the risk management has been known to the construction industry, a more effective system should be developed to meet the demands of the industry. The purpose of this study is to develop the effective risk management system for scheduling the construction processes. The study provides a tool that can optimize the management system which would assist managers to identify schedule risks in the planning phase of the project.

An Exploratory Research on Quantitative Risk Assessment Methodology Throughout Success Factor Analysis in Project Financing (PF 개발사업의 성공요인 분석을 통한 리스크 평가체계 구축을 위한 기초연구)

  • Lee, Dong-Gun;Cha, Hee-Sung
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.5
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    • pp.92-102
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    • 2013
  • A Project Financing (PF) is a form of project delivery system that is carried out for the purpose of trying to give help to the development of national economy and the construction industry in order attract private investment. However, in the case of Korea, many PF projects are only taking into account the aspect of maximizing development benefits, and the proliferation of PF results in project failure. In addition, the interruption of business has been one after another in the aftermath of the recent financial crisis. These major cause is the result of efforts to block the potential risk of objectively quantifying operations. Nowadays, PF risk analysis in terms of various factors is insufficient. The purpose of this study is to identify and quantify the extensive risk elements to classify the cause of affecting the success of the project PF study prior to propose a methodology for evaluating the integrity of the project PF based on this and to provide a quantitative system that can evaluate the business risk. This study identified the factors that affect the PF business success and failure and establish the metrics that can be quantified through existing research and expert interviews. Factors influencing the success of the PF obtained as a result of surveys and interviews in assessing the soundness of the PF development conditions in the future be able to take advantage of, as well as an objective assessment tool to be able to take advantage of the development is expected.

A Study on the Risk Evaluation of Apartment Development Project based on VE (VE기반 공동주택 개발사업 리스크 평가에 관한 연구)

  • Lee, Hyun-Chul;Shin, Seog-Bae;Hong, Ju-Hyun;Go, Seong-Seok
    • Korean Journal of Construction Engineering and Management
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    • v.10 no.4
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    • pp.14-25
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    • 2009
  • Development work of apartment houses is a complex medium-and long-term project requiring grand resources and work force. Since in combination inner and outer project variables relate to project output, uncertainties caused by not only a given site condition but also politic, economy and social sectors are generated during the project. These risks influence output of the project as important factors, and ultimately as management variables in priority giving an effect on earnings and the financial structure of enterprises they should be manageable with the risk reduction plan. In this point of view, this study focused on development work of apartment houses among construction project. Risky factors were deduced, analyzed and evaluated based on Value Engineering from planning to designing to executing to maintaining. Eventually, this study showed the foundation guaranteeing competitive power of public and private construction sectors.

Balancing Efficiency and Flexibility in Software Project: The Role of Team Collective Improvisation, behavioral integration, and member diversity

  • Lee, Young-Joo;Lee, Jung-Hoon;Ham, Kyung Sun
    • Journal of Contemporary Eastern Asia
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    • v.16 no.1
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    • pp.22-45
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    • 2017
  • The successful management of software (SW) projects is a continuous concern to managers, which is attributed to the contradictory demands that most projects are facing; meeting user requirements within time and budget limit while flexibly dealing risks during the progress of the projects. The present study asserts project performance and risk mitigation are not tradeoff but to be achieved simultaneously, which is called SW project ambidexterity. Drawing on the literature on organizational behavior, hypotheses are developed speculating the relation among project performance, risk mitigation, team collective improvisation, team behavioral integration, and team diversity. Using empirical data collected from 102 SW project teams of 507 team members in South Korea, empirical analysis indicates team collective improvisation is a significant antecedent to SW project ambidexterity, playing a pivotal role to balance the contradictory demands. Furthermore, team behavioral integration positively influences the degree of team collective improvisation, and the magnitude of the relation is partially contingent on the team members' age and major diversity. The present study advances theory by providing a context specific explanation about the SW project ambidexterity and its precedents.

An Exploratory Study on the Management Behavior of the Public Software Project (공공 소프트웨어 프로젝트의 관리 행태에 관한 탐색적 연구)

  • Kim, Yong-Kyong;Kim, Pil-Joong
    • Journal of Information Technology Applications and Management
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    • v.13 no.4
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    • pp.237-255
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    • 2006
  • This study was exploratively performed to demonstrate the management behavior of the public software project in korea. In this study, 167 auditing reports on the public software project which were carried out during $1999{\sim}2003$, were employed and surveyed. Survey reveals that quality management was the most neglected in process of software project management relative to other 12 management areas. And configuration management, risk management, time management, and scope management follow up in order in its vulnerability in software project management.

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A Case Study of the Risk Identification in Construction Project (건설사업의 리스크 식별에 관한 사례연구)

  • Ahn, Sanghyun
    • Korean Journal of Construction Engineering and Management
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    • v.16 no.1
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    • pp.15-23
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    • 2015
  • In the construction industry, risk management has gained constant attention as the factor not only to evaluate global competitiveness of the country but also to secure competitiveness of public institutions and private companies. For effective construction risk management, the specific work process improvement that can be employed in the field in terms of risk management of the entire corporation such as financial, insurance and safety management is necessary. To manage construction risks, what is important is the step to identifying inherent risks in the construction project. The identification of risks will be followed by the step to seeking ways to establish and manage strategies responding to the risks. This study suggests ways and processes to make a checkslit to identify risks through case studies. To that end, the focus will be placed on working process improvement of risk identification among stages to manage construction risks such as risk identification and analyses, planning to respond to risks, risk monitoring and management. The case study checklists show that setting up the system to classify risks by stage is helpful to figure out causes of risks to reduce or eliminate risk factors. The checklist making process that considers features of the project is expected to contribute to successful completion of the project by enabling effective risk identification and systematic risk management.

Research on the assessment of the risk factors of serious railway accidents (철도 중대사고의 위험지수 추정에 관한 연구)

  • Han, Soon-Woo;Cho, Yun-Ok;Yoon, Hyuk-Jin;Kim, Sang-Ahm
    • Proceedings of the KSR Conference
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    • 2007.11a
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    • pp.1871-1876
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    • 2007
  • To establish the national railway safety system, the railway total safety technology development project has been promoted by Ministry of Construction and Transportation (MOCT) since August 2004. The project has producted successful results in many areas of railway safety, however, it is required that the research field should be re-examined to meet the aim of the project. To do that, the precedence of the investment of research resources should be reviewed and determined. The risk of serious railway accidents such as train collision, derailment and level crossing accidents are estimated. From the estimation result and the statistics on the railway accidents over fast few years, the risk factors of railway accidents can be calculated.

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