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...

Much contemporary project risk management practice is based on the management of a register of discrete risks. This is consistent with numerous standards that, typically, focus on the definition of “a risk” rather than overall project risk exposure. It is possible to implement practice of this nature in a purely bottom-up fashion. Whilst bottom-up risk management techniques may increase the val...

This paper presents a Risk Register Database System, which incorporates a Risk Register and a Risk Assessment Tool which have been used to aid the management of project risk within an automotive company. The Risk Register is primarily a tool which has enabled the risks within a project to be documented and maintained irrespective of geographical location, and has provided the platform for the r...

Background of the situation This project came about because NASA needed an independent cost, schedule and risk assessment of a proposed system. This proposed system was an update to an existing system, which was primarily a hardware system with a small amount of software. The proposed configuration used some of the existing hardware, but some of the hardware would be modified while other hardwa...

More than 10% of the German gross domestic product is spent on health related services every year a good proportion of these funds allocated to information technology (IT). A review of the literature reveals that IT in hospitals is a vastly under researched area, although anecdotal evidence reveals that the efficiency of IT usage in German hospitals offers room for improvement. Therefore we ask...

Risks are natural and inherent characteristics of major projects. Risks are usually considered independently in analysis of risk responses. However, most risks are dependent on each other and dependent risks are rare in the real world. This paper proposes a model for proper risk response selection from the responses portfolio with the purpose of optimization of defined criteria for projects. Th...

uncertainties in industrial environments can cause considerable complexities, during the implementation and management of projects. so, performing a risk management model in such environments has become inevitable. in such circumstances, many risk management models have been introduced in literature, which majorities of them are general, while some of them are developed to be applied to specifi...

presence of risks and uncertainties inherent in project development and implementation playssignificant role in poor project performance. thus, there is a considerable need to have an effective riskanalysis approach in order to assess the impact of different risks on the project objectives. a powerful riskanalysis approach may consider dynamic nature of risks throughout the life cycle of the pr...

Context: Building a quality software product in the shortest possible time to satisfy the global market demand gives an enterprise a competitive advantage. However, uncertainties and risks exist at every stage of a software development project. These can have an extremely high influence on the success of the final software product. Early risk management practice is effective to manage such risk...