Rafting the River: A Risk Management Expert System for Dynamic Problem Solving

Kent D. Bimson, Linda Boehm Burris and James A. Terrel

Intelligent Systems in Accounting, Finance and Management, 1992, vol. 1, issue 2, 77-91

Abstract: Commercial project management systems focus on preproject planning and after‐the‐fact documentation, but not on the dynamic problem solving required in day‐to‐day project management. Yet the need for risk‐oriented management is clear. To understand and control project risks, managers must be able to identify problems as they occur, immediately assess their downstream impacts, and plan a course of action. The Advanced Risk Management System (ARMS) is a prototype system built to address the issues of identifying, analyzing, prioritizing, monitoring, and controlling project risk. ARMS uses expert systems, data base management, and hypermedia technologies to capture and classify project schedule problems, to determine their semantic impacts to future activities, and to alert appropriate project personnel in advance of problem occurrence.

Date: 1992
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