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Integrated scenario-based methodolog...

Smith, Clayton Arthur.

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Integrated scenario-based methodology for project risk management.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Integrated scenario-based methodology for project risk management./
Author:	Smith, Clayton Arthur.
Description:	285 p.
Notes:	Source: Dissertation Abstracts International, Volume: 72-09, Section: B, page: .
Contained By:	Dissertation Abstracts International72-09B.
Subject:	Business Administration, Management. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3461314
ISBN:	9781124745121

Integrated scenario-based methodology for project risk management.
Smith, Clayton Arthur.

Integrated scenario-based methodology for project risk management. - 285 p.

Source: Dissertation Abstracts International, Volume: 72-09, Section: B, page: .

Thesis (Ph.D.)--University of Maryland, College Park, 2011.

Project risk management is currently used in several industries and mandated by government acquisition agencies around the world to manage uncertainty in an effort to improve a project's probability of success. Common practice involves developing a list of risk items scored with probability and consequence ordinal scales by committee usually focusing on cost and schedule issues. A scenario based process modeling construct is introduced using a hybrid Probabilistic Risk Assessment and Decision Analysis framework integrating project development risks with operational system risks. Project management's decisions are explicitly modeled and ranked based on risk importance to the project. Multiple consequence attributes are unified providing a basis for computing total project risk. This study shows that such an approach leads to an analysis system where scenarios tracing risk items to many possible consequences are explicitly understood; the interaction between cost, schedule, and performance models drive the analysis; probabilities for overruns, delays, increased system hazards are determined directly; and state-of-the-art quantification techniques are directly applicable. All these enhance project management's capability to respond with more effective decisions.

ISBN: 9781124745121Subjects--Topical Terms:

626628
Business Administration, Management.

Integrated scenario-based methodology for project risk management.
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020 $a 9781124745121
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035 $a AAI3461314
040 $a UMI $c UMI
100 1 $a Smith, Clayton Arthur. $3 1685191
245 1 0 $a Integrated scenario-based methodology for project risk management.
300 $a 285 p.
500 $a Source: Dissertation Abstracts International, Volume: 72-09, Section: B, page: .
500 $a Adviser: Ali Mosleh.
502 $a Thesis (Ph.D.)--University of Maryland, College Park, 2011.
520 $a Project risk management is currently used in several industries and mandated by government acquisition agencies around the world to manage uncertainty in an effort to improve a project's probability of success. Common practice involves developing a list of risk items scored with probability and consequence ordinal scales by committee usually focusing on cost and schedule issues. A scenario based process modeling construct is introduced using a hybrid Probabilistic Risk Assessment and Decision Analysis framework integrating project development risks with operational system risks. Project management's decisions are explicitly modeled and ranked based on risk importance to the project. Multiple consequence attributes are unified providing a basis for computing total project risk. This study shows that such an approach leads to an analysis system where scenarios tracing risk items to many possible consequences are explicitly understood; the interaction between cost, schedule, and performance models drive the analysis; probabilities for overruns, delays, increased system hazards are determined directly; and state-of-the-art quantification techniques are directly applicable. All these enhance project management's capability to respond with more effective decisions.
590 $a School code: 0117.
650 4 $a Business Administration, Management. $3 626628
650 4 $a Engineering, System Science. $3 1018128
690 $a 0454
690 $a 0790
710 2 $a University of Maryland, College Park. $b Mechanical Engineering. $3 1018396
773 0 $t Dissertation Abstracts International $g 72-09B.
790 1 0 $a Mosleh, Ali, $e advisor
790 1 0 $a Modarres, Mohammad $e committee member
790 1 0 $a Azarm, Shapour $e committee member
790 1 0 $a Herrmann, Jeffery $e committee member
790 1 0 $a Beacher, Gregory $e committee member
790 $a 0117
791 $a Ph.D.
792 $a 2011
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3461314