The process of risk management for projects

Business & Finance, Management & Leadership, Operations Research
Cover of the book The process of risk management for projects by Marco Alexander Caiza Andresen, GRIN Verlag
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Marco Alexander Caiza Andresen ISBN: 9783638783378
Publisher: GRIN Verlag Publication: May 13, 2007
Imprint: GRIN Verlag Language: English
Author: Marco Alexander Caiza Andresen
ISBN: 9783638783378
Publisher: GRIN Verlag
Publication: May 13, 2007
Imprint: GRIN Verlag
Language: English

Seminar paper from the year 2006 in the subject Business economics - Operations Research, grade: 1,7, University of Paderborn (Department of Business Information Systems ), course: Advanced Information Technolgy in Business, 16 entries in the bibliography, language: English, abstract: In consequence of the steadily increasing demand for projects there is an increasing demand for project risk management. Due to the high complexity of project work and its planning there are many possibilities where risks can endanger the success or even the practicability of a certain project. Hence, there cannot be enough emphasis on project risk planning for the smoothly flow of project progression. Within projects the term risk is defined as '[...] the cumulative effect of the chances of uncertain occurrences adversely affecting project objectives' (Wideman 1992, p. I-4). The thorough examination of possibilities for avoidance, elimination or at least for a significant reduction of these risks should lead to a better performance of the ultimate project. The question why some projects succeed while others fail is important to every business. To strengthen the possible future project success, project risk management has to be effectively applied to every project process. Identifying project risks and appropriately cope with them through the development of adequate strategies is the aim of the project risk management process. Having this in mind, the intention of this term paper is to analyze the process of project risk management. After a short introduction, by thorough study of literature in the second chapter the main steps of different approaches of the risk management process in projects will be indicated and compared. After that the most common tools to be used within this process will be indicated before, finally, possibilities for the extension of the project risk management process towards a broader management process will be discussed. In the last chapter a conclusion will be drawn and an answer given to the questions on which are the critical steps towards an effective risk management process and which specific factors have to be focused to overcome the threats concerning management of projects. The work is done on a more general basis to understand the character of the risk management process, giving possibility to an application to many different kinds of projects.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2006 in the subject Business economics - Operations Research, grade: 1,7, University of Paderborn (Department of Business Information Systems ), course: Advanced Information Technolgy in Business, 16 entries in the bibliography, language: English, abstract: In consequence of the steadily increasing demand for projects there is an increasing demand for project risk management. Due to the high complexity of project work and its planning there are many possibilities where risks can endanger the success or even the practicability of a certain project. Hence, there cannot be enough emphasis on project risk planning for the smoothly flow of project progression. Within projects the term risk is defined as '[...] the cumulative effect of the chances of uncertain occurrences adversely affecting project objectives' (Wideman 1992, p. I-4). The thorough examination of possibilities for avoidance, elimination or at least for a significant reduction of these risks should lead to a better performance of the ultimate project. The question why some projects succeed while others fail is important to every business. To strengthen the possible future project success, project risk management has to be effectively applied to every project process. Identifying project risks and appropriately cope with them through the development of adequate strategies is the aim of the project risk management process. Having this in mind, the intention of this term paper is to analyze the process of project risk management. After a short introduction, by thorough study of literature in the second chapter the main steps of different approaches of the risk management process in projects will be indicated and compared. After that the most common tools to be used within this process will be indicated before, finally, possibilities for the extension of the project risk management process towards a broader management process will be discussed. In the last chapter a conclusion will be drawn and an answer given to the questions on which are the critical steps towards an effective risk management process and which specific factors have to be focused to overcome the threats concerning management of projects. The work is done on a more general basis to understand the character of the risk management process, giving possibility to an application to many different kinds of projects.

More books from GRIN Verlag

Cover of the book Fahrerassistenz: Fußgängererkennung - Ein Überblick by Marco Alexander Caiza Andresen
Cover of the book Die Kanzlerin macht's, Obama tut es auch. Twittern by Marco Alexander Caiza Andresen
Cover of the book Das Portfolio - Ein Mittel zur individuellen Leistungsbewertung? by Marco Alexander Caiza Andresen
Cover of the book Las Hilanderas - Die Fabel der Arachne by Marco Alexander Caiza Andresen
Cover of the book Vom Kettenhemd zum Harnisch by Marco Alexander Caiza Andresen
Cover of the book Neue Medien im Deutschunterricht: Förderung der Lesemotivation von Jungen by Marco Alexander Caiza Andresen
Cover of the book The Democratic Transition of Czechoslovakia, the German Democratic Republic and their Successor States, with Particular Focus on the Geopolitical Framework after 1989 by Marco Alexander Caiza Andresen
Cover of the book Jesus wendet sich Ausgegrenzten zu. Der Zöllner Zachäus: Eine Begegnung, die verändert (Lk 19,1-10) by Marco Alexander Caiza Andresen
Cover of the book Monetäre Makroökonomik by Marco Alexander Caiza Andresen
Cover of the book Analyse von Erich Fromms 'Furcht vor der Freiheit' by Marco Alexander Caiza Andresen
Cover of the book Einstein in der Kindertagesstätte by Marco Alexander Caiza Andresen
Cover of the book Tot, was nun? Eine Auseinandersetzung mit dem Sterben, dem Tod, der Trauer und dem Leben nach dem Tod by Marco Alexander Caiza Andresen
Cover of the book Durchführung und Auswertung des FLVT 5-6. Diagnostik, Förderung und Beratung einer Testperson (Schüler) by Marco Alexander Caiza Andresen
Cover of the book Der Einfluss des Controllings auf den Informationsaustausch in Innovationsprojekten und den Innovationserfolg by Marco Alexander Caiza Andresen
Cover of the book Globalisierung - Segen oder Fluch? by Marco Alexander Caiza Andresen
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy