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Extended risk-analysis model for activities of the project.

Kušar J, Rihar L, Zargi U, Starbek M - Springerplus (2013)

Bottom Line: A third parameter has been added in our model: an estimate of the incidence of risk events.On the basis of the calculated activity risk level, a project team prepares preventive and corrective measures that should be taken according to the status indicators.An important advantage of the proposed solution is that the project manager and his team members are timely warned of risk events and they can thus activate the envisaged preventive and corrective measures as necessary.

View Article: PubMed Central - PubMed

Affiliation: Faculty of Mechanical Engineering, Aškerčeva 6, SI-1000 Ljubljana, Slovenia.

ABSTRACT
Project management of product/service orders has become a mode of operation in many companies. Although these are mostly cyclically recurring projects, risk management is very important for them. An extended risk-analysis model for new product/service projects is presented in this paper. Emphasis is on a solution developed in the Faculty of Mechanical Engineering in Ljubljana, Slovenia. The usual project activities risk analysis is based on evaluation of the probability that risk events occur and on evaluation of their consequences. A third parameter has been added in our model: an estimate of the incidence of risk events. On the basis of the calculated activity risk level, a project team prepares preventive and corrective measures that should be taken according to the status indicators. An important advantage of the proposed solution is that the project manager and his team members are timely warned of risk events and they can thus activate the envisaged preventive and corrective measures as necessary.

No MeSH data available.


Risk breakdown structure of project TL783701.
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Related In: Results  -  Collection

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Fig7: Risk breakdown structure of project TL783701.

Mentions: The project team continuously updated project WBS with the possible activity risks that were found, and transformed WBS to a risk breakdown structure-RBS, as shown in Figure 7.Figure 7


Extended risk-analysis model for activities of the project.

Kušar J, Rihar L, Zargi U, Starbek M - Springerplus (2013)

Risk breakdown structure of project TL783701.
© Copyright Policy - open-access
Related In: Results  -  Collection

License
Show All Figures
getmorefigures.php?uid=PMC3675269&req=5

Fig7: Risk breakdown structure of project TL783701.
Mentions: The project team continuously updated project WBS with the possible activity risks that were found, and transformed WBS to a risk breakdown structure-RBS, as shown in Figure 7.Figure 7

Bottom Line: A third parameter has been added in our model: an estimate of the incidence of risk events.On the basis of the calculated activity risk level, a project team prepares preventive and corrective measures that should be taken according to the status indicators.An important advantage of the proposed solution is that the project manager and his team members are timely warned of risk events and they can thus activate the envisaged preventive and corrective measures as necessary.

View Article: PubMed Central - PubMed

Affiliation: Faculty of Mechanical Engineering, Aškerčeva 6, SI-1000 Ljubljana, Slovenia.

ABSTRACT
Project management of product/service orders has become a mode of operation in many companies. Although these are mostly cyclically recurring projects, risk management is very important for them. An extended risk-analysis model for new product/service projects is presented in this paper. Emphasis is on a solution developed in the Faculty of Mechanical Engineering in Ljubljana, Slovenia. The usual project activities risk analysis is based on evaluation of the probability that risk events occur and on evaluation of their consequences. A third parameter has been added in our model: an estimate of the incidence of risk events. On the basis of the calculated activity risk level, a project team prepares preventive and corrective measures that should be taken according to the status indicators. An important advantage of the proposed solution is that the project manager and his team members are timely warned of risk events and they can thus activate the envisaged preventive and corrective measures as necessary.

No MeSH data available.