Managing complex projects for industry: developing a new approach to risk management

Research output: Contribution to conferencePaper

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.

Conference

Conference26th European Conference in Operational Research
CountryItaly
CityRome
Period7/07/1311/07/13

Fingerprint

Risk management
Industry
Decision trees
Complex projects

Keywords

  • complex projects
  • industry
  • managing
  • new approach
  • risk management

Cite this

Howick, S., Ackermann, F., Walls, L., Quigley, J., & Houghton, T. (2013). Managing complex projects for industry: developing a new approach to risk management. Paper presented at 26th European Conference in Operational Research, Rome, Italy.
Howick, Susan ; Ackermann, Fran ; Walls, Lesley ; Quigley, John ; Houghton, Tom. / Managing complex projects for industry : developing a new approach to risk management. Paper presented at 26th European Conference in Operational Research, Rome, Italy.
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author = "Susan Howick and Fran Ackermann and Lesley Walls and John Quigley and Tom Houghton",
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note = "26th European Conference in Operational Research ; Conference date: 07-07-2013 Through 11-07-2013",

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Howick, S, Ackermann, F, Walls, L, Quigley, J & Houghton, T 2013, 'Managing complex projects for industry: developing a new approach to risk management' Paper presented at 26th European Conference in Operational Research, Rome, Italy, 7/07/13 - 11/07/13, .

Managing complex projects for industry : developing a new approach to risk management. / Howick, Susan; Ackermann, Fran; Walls, Lesley; Quigley, John; Houghton, Tom.

2013. Paper presented at 26th European Conference in Operational Research, Rome, Italy.

Research output: Contribution to conferencePaper

TY - CONF

T1 - Managing complex projects for industry

T2 - developing a new approach to risk management

AU - Howick, Susan

AU - Ackermann, Fran

AU - Walls, Lesley

AU - Quigley, John

AU - Houghton, Tom

PY - 2013/7

Y1 - 2013/7

N2 - This presentation discusses a project undertaken for an energy company.A process is described which assists the company to understandand manage risks involved with the project. The process involves twointegrated activities; the first engages a range of stakeholders in surfacingrisks and their ramifications in a causal risk map, while the secondelicits expert judgement regarding uncertainties so as to understandthe likelihood of risks occurring through a decision tree approach. Theprocess has potential across a range of complex project managementsituations.

AB - This presentation discusses a project undertaken for an energy company.A process is described which assists the company to understandand manage risks involved with the project. The process involves twointegrated activities; the first engages a range of stakeholders in surfacingrisks and their ramifications in a causal risk map, while the secondelicits expert judgement regarding uncertainties so as to understandthe likelihood of risks occurring through a decision tree approach. Theprocess has potential across a range of complex project managementsituations.

KW - complex projects

KW - industry

KW - managing

KW - new approach

KW - risk management

UR - http://euro2013.org/

UR - http://euro2013.org/wp-content/uploads/program-euro26.pdf

M3 - Paper

ER -

Howick S, Ackermann F, Walls L, Quigley J, Houghton T. Managing complex projects for industry: developing a new approach to risk management. 2013. Paper presented at 26th European Conference in Operational Research, Rome, Italy.