• Title/Summary/Keyword: Project risk

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Perceptual Differences between IS Project Service Providers and Customers on Information System Project Risk Factors: a Koran case (정보시스템 프로젝트의 위험요인에 대한 현업인력과 서비스제공인력과의 인식도 차이)

  • Lee, Seog-Jun;Cho, Suk-Jin;Park, Jung-Sun;Hahm, Yu-Keun;Kim, Yong-Jae
    • Journal of Information Technology Applications and Management
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    • v.14 no.3
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    • pp.79-94
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    • 2007
  • Cases of botched information systems implementation have been surfaced due to poor IS project management and control. One major source of such failures is the perceptual difference between the participants of IS projects who should define potential risk factors well before considered IS projects are launched. Based on risk factors cited from prior works, this paper empirically examines the risk factors associated with IS service project management to analyze perceptual differences between the IS service providers and customers in Korea. Data analyses found significant differences in the area of scheduling/resource, technological newness, communications, and sponsorship/ownership while statistically significant differences were observed in eleven individual factors out of forty six risk factors. Risk factors are also ordered in terms of perceived importance to highlight the critical differences.

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An Improved Multilevel Fuzzy Comprehensive Evaluation to Analyse on Engineering Project Risk

  • LI, Xin;LI, Mufeng;HAN, Xia
    • The Journal of Economics, Marketing and Management
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    • v.10 no.5
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    • pp.1-6
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    • 2022
  • Purpose: To overcome the question that depends too much on expert's subjective judgment in traditional risk identification, this paper structure the multilevel generalized fuzzy comprehensive evaluation mathematics model of the risk identification of project, to research the risk identification of the project. Research design, data and methodology: This paper constructs the multilevel generalized fuzzy comprehensive evaluation mathematics model. Through iterative algorithm of AHP analysis, make sure the important degree of the sub project in risk analysis, then combine expert's subjective judgment with objective quantitative analysis, and distinguish the risk through identification models. Meanwhile, the concrete method of multilevel generalized fuzzy comprehensive evaluation is probed. Using the index weights to analyse project risks is discussed in detail. Results: The improved fuzzy comprehensive evaluation algorithm is proposed in the paper, at first the method of fuzzy sets core is used to optimize the fuzzy relation matrix. It improves the capability of the algorithm. Then, the method of entropy weight is used to establish weight vectors. This makes the computation process fair and open. And thereby, the uncertainty of the evaluation result brought by the subjectivity can be avoided effectively and the evaluation result becomes more objective and more reasonable. Conclusions: In this paper, we use an improved fuzzy comprehensive evaluation method to evaluate a railroad engineering project risk. It can give a more reliable result for a reference of decision making.

A Case Study of Six Sigma Project for Reducing the Project Costs through Project Risk Management (프로젝트 위험관리강화를 통한 원가개선의 6시그마 사례)

  • Jung, Ha-Sung;Lee, Dong-Wha;Lee, Min-Koo
    • Journal of Korean Society for Quality Management
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    • v.33 no.3
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    • pp.135-148
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    • 2005
  • This paper considers a six sigma project for reducing the project costs through project risk management. The project follows a disciplined process of five phases: define, measure, analyze, improve, and control. A risk management process map is used to identify process input and output variables. Seven key process input variables are selected by using C&E diagram and X-Y matrix and finally four vital few input variables are selected by the related statistical analysis. The optimum alternatives of the vital few input variables are obtained by the method of PUGH matrix. The process is running on control plan and we obtained substantial project cost reductions in early stage of the control phase.

Classification and consideration for the risk management in the planning phase of NPP decommissioning project

  • Gi-Lim Kim;Hyein Kim;Hyung-Woo Seo;Ji-Hwan Yu;Jin-Won Son
    • Nuclear Engineering and Technology
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    • v.54 no.12
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    • pp.4809-4818
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    • 2022
  • The decommissioning project of a nuclear facility is a large-scale process that is expected to take about 15 years or longer. The range of risks to be considered is large and complex, then, it is expected that various risks will arise in decision-making by area during the project. Therefore, in this study, the risk family derived from the Decommissioning Risk Management (DRiMa) project was reconstructed into a decommissioning project risk profile suitable for the Kori Unit 1. Two criteria of uncertainty and importance are considered in order to prioritize the selected 26 risks of decommissioning project. The uncertainty is scored according to the relevant laws and decommissioning plan preparation guidelines, and the project importance is scored according to the degree to which it primarily affects the triple constraints of the project. The results of risks are divided into high, medium, and low. Among them, 10 risks are identified as medium level and 16 risks are identified as low level. 10 risks, which are medium levels, are classified in five categories: End state of decommissioning project, Management of waste and materials, Decommissioning strategy and technology, Legal and regulatory framework, and Safety. This study is a preliminary assessment of the risk of the decommissioning project that could be considered in the preparation stage. Therefore, we expect that the project risks considered in this study can be used as an initial data for reevaluation by reflecting the detail project progress in future studies.

A Study on SI Project Environment and Risk Management Practice (국내 SI 프로젝트 수행환경 진단 및 위험관리 방안 연구)

  • 김현수
    • Korean Management Science Review
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    • v.16 no.1
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    • pp.203-218
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    • 1999
  • This study presents a diagnosis of SI project environment and risk management practices in Korea. In particular, the stability of project environment, required skills for project managers, risk factors and usefulness of risk management activities are surveyed and analysed. Factor analysis and correlation analysis are performed to investigate any significant relationships among various risk management factors. The results indicate that SI project environment is not stable in Korea, and risk management can be a primary project management tool to deal with the situation. The results also that there's little significant difference in understanding not only between the clients and developers, but alto between the experienced managers and less experienced managers.

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A Process of the Risk Management for a Space Launch Vehicle R&D Project (우주발사체 개발사업의 위험관리 프로세스)

  • Cho, Dong Hyun;Yoo, Il Sang
    • Journal of the Korean Society of Systems Engineering
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    • v.12 no.2
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    • pp.19-27
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    • 2016
  • Many countries concentrated on the space developments to enhance the national security and the people's quality of life. A space launch vehicle for accessing the space is a typical large complex system that is composed of the high-technology like high-performance, high-reliability, superhigh-pressure, etc. The project developing large complex system like space launcher is mostly conducted in the uncertain environment. To achieve a goal of the project, its success probability should be enhanced consistently by reducing its uncertainty during the life cycle: it's possible to reduce the project's uncertainty by performing the risk management (RM) that is a method for identifying and tracing potential risk factors in order to eliminate the risks of the project. In this paper, we introduce the risk management (RM) process applied for a Space Launch Vehicle R&D Project.

An Extraction of the Risk Events in the Construction Planning Phase (건설기획단계에서의 위험요인 도출)

  • Kwon, Soon-O;Kim, Seon-Gyoo;Lee, Nak-Woon
    • Journal of Industrial Technology
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    • v.25 no.B
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    • pp.99-106
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    • 2005
  • The planning phase of construction project success or failure of the enterprise decision the 1st dangerous duration which occurs very there is a possibility of making with the phase which is important, of construction project in life cycle most many risk. But the risk management from planning phase well does not become accomplished is the actual condition from existing construction project. Consequently, it classifies the risk event from project initial planning phase of construction project from this study which probably is substantial risk event the possibility of accomplishing from a planning phase successfully in order to be.

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A BLOG BASED RISK MANAGEMENT SYSTEM USING SOFT SCHEDULE

  • Soo-Myeong Jin;You-Sang Yoon;Myung-Houn Jang;Sang-Wook Suh
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1334-1339
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    • 2009
  • 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. Uncertainties seldom create a positive impact on construction project, but they almost cause delay and increase costs. Therefore, 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, it is not enough to be developed to meet the demands of the industry. It has not been enough for Systems to control schedule risks for managers in the field. Therefore, a tool is necessary to efficiently control risks. The propose of this study is to invent Schedule Risk Control System Module to prepare for risks in preconstruction phase.

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A Measuring Model of Risk Impact on The App Development Project in The Social App Manufacturing Environment (Social App Manufacturing 환경의 앱 개발 프로젝트에서 위험영향도 측정 모델)

  • Baek, Jung Hee;Lim, Young Hwan
    • KIPS Transactions on Software and Data Engineering
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    • v.3 no.9
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    • pp.335-340
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    • 2014
  • Crowd Sourcing-based Social App Manufacturing environment, a small app development project by a team of anonymous virtual performed without the constraints of time and space, and manage it for the app development process need to be automated method. Virtual teams with anonymity is a feature of the Social App Manufacturing, is an important factor that increases the uncertainty of whether the completion of the project or reduction in visibility of the progress of the project. In this study, as one of how to manage the project of Social App Manufacturing environment, the impact of risk that can be used to quantitatively measure the impact of the risk of delay in development has on the project also proposes a measurement model. Effects of risk and type of the impact of risks associated with delays in the work schedule also define the characteristic function, measurement model that has been proposed, suggest the degree of influence measurement equation of risk of the project in accordance with the progressive. The advantage of this model, the project manager is able to ensure the visibility of the progress of the project. In addition, identify the project risk of work delays, and to take precautions.

An Exploratory Study on the Relationship with Previous Project Risk Evaluation and Project Performance (사전 프로젝트 리스크 평가와 프로젝트 성과와의 관계에 관한 탐색적 연구)

  • Hosnag, Kim;Kyungsik Yang
    • Journal of Service Research and Studies
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    • v.12 no.3
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    • pp.70-92
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    • 2022
  • Project risk assessment is the most important activity performed at the beginning of a project because it can judge the performance of the project in advance. In this study, We were evaluated risk with traditional risk factors such as technology and schedule, etc, and Indirect risks factors such as financial, strategic, and special risks. and then, we analyzed what kind of relationship these risk evaluation factors have on business performance and customer satisfaction. As a result of the research, it was found that the risk evaluation items had a relationship with performance and customer satisfaction. However, It is possible that the performance may differ depending on how risks are managed after risk assessment. Therefore, follow-up studies should be conducted, including information on risk management practices. This study is meaningful that presenting practical risk evaluation items and at the same time identifying the relationship with performance. We plan to further the study in future studies including the evaluation of risk management process.