Abstract
As evidenced through both a historical and contemporary number of reported over-runs, managing projects can be a risky business. Managers are faced with the need to effectively work with a multitude of parties and deal with a wealth of interlocking uncertainties. This paper describes a modelling process developed to assist managers facing such situations. The process helps managers to develop a comprehensive appreciation of risks and gain an understanding of the impact of the interactions between these risks through explicitly engaging a wide stakeholder base using a group support system and causal mapping process. Using a real case the paper describes the modelling process and outcomes along with its implications, before reflecting on the insights, limitations and future research.
Original language | English |
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Pages (from-to) | 290-299 |
Number of pages | 10 |
Journal | European Journal of Operational Research |
Volume | 238 |
Issue number | 1 |
Early online date | 1 Apr 2014 |
DOIs | |
Publication status | Published - 1 Oct 2014 |
Keywords
- problem structuring
- risk analysis
- group decision making
- decision support