 Assisting project risk management method selectionFranck Marle and Thierry Gidel International Journal of Project Organisation and Management, 2014, vol. 6, issue 3, 254-282 Abstract: Projects have spread into companies and are more than ever exposed to risk, because of tight constraints, uncertainty, complexity and change. Risk management thus plays an important role in project management. Since there are more and more available methods in the literature, it has become increasingly difficult to choose the right one. Our objective in this paper is to introduce and analyse the main existing project risk management (PRM) methods and to provide decision-makers with a model to assist them to select one of these methods for their projects. To do this, we first investigate the existing methods in the PRM field and the criteria that should be considered for the selection. Secondly, we propose a simple multi criteria decision making (MCDM) model which screens out inadequate methods and ranks remaining alternatives. An application for one example is presented and some conclusions and perspectives are drawn. Keywords: risk identification; risk analysis; multicriteria decision making; project management; fuzzy numbers; method choice; fuzzy logic; MCDM; method selection; project risk management; risk assessment; decision makers; inadequate methods screening; alternatives ranking. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijpoma:v:6:y:2014:i:3:p:254-282 Access Statistics for this article More articles in International Journal of Project Organisation and Management from Inderscience Enterprises Ltd |
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