This paper argues that all current project risk management processes induce a restricted focus on the management of project uncertainty. In part this is because the term ‘risk’ encourages a threat perspective. In part this is because the term ‘risk’ has become associated with ‘events’ rather than more general sources of significant uncertainty. The paper discusses the reasons for this view, and...

numerous types of development projects, Adams reported similar numbers, where only about one-fourth of all projects entering development become a market success (2004). Datta and Mukerjee (2001) stated that “successful project completion depends to a great extent on the early identifi cation of immediate risks.” Jiang et al. (2002), using factor analysis, confi rmed their hypothesis that risks ...

Effective project management requires reliable knowledge of cash required in different stages of project life cycle. Getting this knowledge is highly dependent on sophisticated consideration of project environment. Nature of projects and their environments are associated with uncertain conditions. In this paper, a new project cash flow assessment method based on project scheduling is proposed t...

background: research project risks are uncertain contingent events or situations that, if transpire, will have positive or negative effects on objectives of a project. the management of health and safety at work (mhsw) regulations 1999 require all employers and the self-employed persons to assess the risks from their work on anyone who may be affected by their activities. risk assessment is the...

The increasing size and complexity of acquisition development projects in both the public private sectors have begun to exceed capabilities traditional management techniques control them. With every new technological or engineering feat, human endeavours inevitably increase their ambition. This trend has led an explosion sophistication by government industry develop acquire technology-based sys...

The main purpose of the study is to develop an integrated framework for managing project risks by analyzing risk across project, work package and activity levels, and developing responses. Design/methodology/approach: The study first reviews the literature of various contemporary risk management frameworks in order to identify gaps in project riskmanagement knowledge. Then it develops a concept...