Project Risk Assessment Framework

Authors

  • Amir Hossine Khalaj Young Researchers and Elite Club, Robat Karim Branch, Islamic Azad University, Robat Karim, Iran
  • Mehran Khalaj Young Researchers and Elite Club, Robat Karim Branch, Islamic Azad University, Robat Karim, Iran
Abstract:

This study presents a framework for calculating the risk of various projects, especially projects under uncertain circumstances. First, the related literature is reviewed and then the relationship between risk and projects is examined. Using a case study an approach is provided to determine the project risk in uncertain circumstances where sufficient data is not available for decision-making. In the new proposed method, instead of using a purely qualitative method, Dempster-Shafer theory has been used because of the limited data for decision making.  Finally, the proposed method is examined based on a construction company and the results are presented.

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Journal title

volume 2  issue 1

pages  33- 44

publication date 2017-02-01

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