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

Susan Howick; Fran Ackermann; Lesley Walls; John Quigley; Tom Houghton

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

Susan Howick, Fran Ackermann, Lesley Walls, John Quigley, Tom Houghton

Research output: Contribution to conference › Paper

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.

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Publication status	Unpublished - Jul 2013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

Cite this

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title = "Managing complex projects for industry: developing a new approach to risk management",

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.",

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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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TY - CONF

T1 - Managing complex projects for industry

T2 - 26th European Conference in Operational Research

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 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.

AB - 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.

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

Y2 - 7 July 2013 through 11 July 2013

ER -

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

Abstract

Conference

Keywords

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