Publication detail

Unified Methodology to Risk Management in Projects

KVĚTOŇOVÁ, Š. KRESLÍKOVÁ, J.

Original Title

Unified Methodology to Risk Management in Projects

English Title

Unified Methodology to Risk Management in Projects

Type

conference paper

Language

en

Original Abstract

In the submission is described the whole process of risk management that is possible to divide into six sub-processes (phases). In concrete, Risk management Planning, Risk Identification, Qualitative Risk Analysis, Quantitative Risk Analysis, Risk Response Planning, and Risk Monitoring and Control. In every of those phases we can use variety of methods, methodologies, techniques and tools. It depends on the concrete situation and general conditions in organizations. We distinguish both general methods (e.g. SWOT Analysis, Ishikawa Diagram), and more sophisticated methods (e.g. FMEA/FTA, HAZOP, SPC etc.) applied in a project. The paper demonstrates, by intuitive way, a complex procedure of risk management processes application. The main aim is to prevent risks and/or reduce their consequences in a project.

English abstract

In the submission is described the whole process of risk management that is possible to divide into six sub-processes (phases). In concrete, Risk management Planning, Risk Identification, Qualitative Risk Analysis, Quantitative Risk Analysis, Risk Response Planning, and Risk Monitoring and Control. In every of those phases we can use variety of methods, methodologies, techniques and tools. It depends on the concrete situation and general conditions in organizations. We distinguish both general methods (e.g. SWOT Analysis, Ishikawa Diagram), and more sophisticated methods (e.g. FMEA/FTA, HAZOP, SPC etc.) applied in a project. The paper demonstrates, by intuitive way, a complex procedure of risk management processes application. The main aim is to prevent risks and/or reduce their consequences in a project.

Keywords

Project Project Management, Risk Management, PMBOK, Qualitative and Quantitative Analyses

RIV year

2008

Released

09.09.2008

Publisher

Wroclaw University of Technology

Location

Wroclaw

ISBN

978-83-7493-400-8

Book

Proceedings of the 14th International Congress of Cybernetics and Systems of WOCS

Edition

NEUVEDEN

Edition number

NEUVEDEN

Pages from

1

Pages to

6

Pages count

6

BibTex


@inproceedings{BUT32110,
  author="Šárka {Květoňová} and Jitka {Kreslíková}",
  title="Unified Methodology to Risk Management in Projects",
  annote="In the submission is described the whole process of risk management that is
possible to divide into six sub-processes (phases). In concrete, Risk management
Planning, Risk Identification, Qualitative Risk Analysis, Quantitative Risk
Analysis, Risk Response Planning, and Risk Monitoring and Control. In every of
those phases we can use variety of methods, methodologies, techniques and tools.
It depends on the concrete situation and general conditions in organizations. We
distinguish both general methods (e.g. SWOT Analysis, Ishikawa Diagram), and more
sophisticated methods (e.g. FMEA/FTA, HAZOP, SPC etc.) applied in a project. The
paper demonstrates, by intuitive way, a complex procedure of risk management
processes application. The main aim is to prevent risks and/or reduce their
consequences in a project.",
  address="Wroclaw University of Technology",
  booktitle="Proceedings of the  14th International Congress of Cybernetics and Systems of WOCS",
  chapter="32110",
  edition="NEUVEDEN",
  howpublished="print",
  institution="Wroclaw University of Technology",
  year="2008",
  month="september",
  pages="1--6",
  publisher="Wroclaw University of Technology",
  type="conference paper"
}