A Quantitative Measure For Evaluating Project Uncertainty Under Variation And Risk Effects

A Composite Risk Measure Framework for Decision Making under Uncertainty

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G–Brownian Motion and Dynamic Risk Measure under Volatility Uncertainty

A Multi-Criteria Decision-Making Approach with Interval Numbers for Evaluating Project Risk Responses

The risk response development is one of the main phases in the project risk management that has major impacts on a large-scale project’s success. Since projects are unique, and risks are dynamic through the life of the projects, it is necessary to formulate responses of the important risks. Conventional approaches tend to be less effective in dealing with the imprecise of the risk response deve...

Quantitative risk management in gas injection project: a case study from Oman oil and gas industry

The purpose of this research was to study the recognition, application and quantification of the risks associated in managing projects. In this research, the management of risks in an oil and gas project is studied and implemented within a case company in Oman. In this study, at first, the qualitative data related to risks in the project were identified through field visits and extensive interv...

Polynomial Function and Fuzzy Inference for Evaluating the Project Performance under Uncertainty

The objectives of this paper are two folds. The first one is to improve the time forecasting produced from the well known Earned Value Management (EVM), using the polynomial function. The time prediction observed from the polynomial model, which is compared against that observed from the most common method for time forecasting (critical path method), is a more accurate (mean absolute percentage...