Title :
A Risk Management Methodology for Project Risk Dependencies
Author :
Kwan, Tak Wah ; Leung, Hareton K N
Author_Institution :
Dept. of Comput., Hong Kong Polytech. Univ., Kowloon, China
Abstract :
Project risks are not always independent, yet current risk management practices do not clearly manage dependencies between risks. If dependencies can be explicitly identified and analyzed, project managers will be able to develop better risk management strategies and make more effective risk planning decisions. This paper proposes a management methodology to address risk dependency issues. Through the study of three IT projects, we confirm that risk dependencies do exist in projects and can be identified and systematically managed. We also observed that, as project teams needed to deal with risk dependency issues, communications between projects were improved, and there were synergetic effects in managing risks and risk dependencies among projects.
Keywords :
project management; risk analysis; IT projects; project risk management; risk dependencies; risk planning decisions; Analytical models; Delta modulation; Fault trees; Lead; Measurement; Monitoring; Risk management; Project risk management; metrics.; risk assessment; risk dependencies;
Journal_Title :
Software Engineering, IEEE Transactions on
DOI :
10.1109/TSE.2010.108