Despite its huge potential in risk analysis, the Dempster–Shafer Theory of Evidence (DST) has not received enough attention in construction management. This paper presents a DST-based approach for structuring personal experience and professional judgment when assessing construction project risk. DST was innovatively used to tackle the problem of lacking sufficient information through enabling a...

Companies work increasingly more on projects as a means of executing organizational decisions. However, too many enterprise projects result in failure. Hence, firms should follow a risk management method that drives their projects toward success. Nevertheless, project managers often deal with risks intuitively. This is partly because they lack the proper means to correctly manage the underlying...

In the process of investment decision making, next to financial indicators many other aspects of investment projects are increasingly often considered. This leads to the multi-criteria evaluation of a project. The advantage of multi-criteria methods is the ability to take into account all (not only financial) aspects of the attractiveness of an investment project. The selection of criteria of p...

risk response planning is one of the main phases in the project risk management and has major impacts on the success of a large-scale project. since projects are unique, and risks are dynamic through the life of the projects, it is necessary to formulate responses of the important risks. the conventional approaches tend to be less effective in dealing with the impreciseness of risk response pl...

Project risk management includes the process of risk identification, analysis, and handling (response). Risk handling/ response is the choice of a proper strategy to reduce the likelihood of the occurrence of risk events and/or the magnitude of their negative impact. Research on risk handling is mostly opinionor case-based and, as such, it offers scant guidelines for making the decision. Manage...

Thisstudy is investigating the effects of project quality, project risk and project governance on project performance. Moreover, this study investigatesthe moderation effect of project leadership on these relationships. Data is collected from 354 respondents of software houses and structural equation modeling (SEM) technique is utilized for data analysis. Results suggest that project quality, p...

Using unique archival data on 81 projects from a major ERP vendor, we study whether transaction characteristics are included in the vendor’s estimation of risk to project profitability. We hypothesize that project size, contract type, strategic importance, and client familiarity are included in the risk estimations. Regression analysis suggests that, surprisingly, vendors do not include all tra...