Abstract
This presentation discusses a project undertaken for an energy company.
A process is described which assists the company to understand
and manage risks involved with the project. The process involves two
integrated activities; the first engages a range of stakeholders in surfacing
risks and their ramifications in a causal risk map, while the second
elicits expert judgement regarding uncertainties so as to understand
the likelihood of risks occurring through a decision tree approach. The
process has potential across a range of complex project management
situations.
A process is described which assists the company to understand
and manage risks involved with the project. The process involves two
integrated activities; the first engages a range of stakeholders in surfacing
risks and their ramifications in a causal risk map, while the second
elicits expert judgement regarding uncertainties so as to understand
the likelihood of risks occurring through a decision tree approach. The
process has potential across a range of complex project management
situations.
| Original language | English |
|---|---|
| Publication status | Unpublished - Jul 2013 |
| Event | 26th European Conference in Operational Research - Rome, Italy Duration: 7 Jul 2013 → 11 Jul 2013 |
Conference
| Conference | 26th European Conference in Operational Research |
|---|---|
| Country/Territory | Italy |
| City | Rome |
| Period | 7/07/13 → 11/07/13 |
Keywords
- complex projects
- industry
- managing
- new approach
- risk management