Modern Risk Quantification In Complex Projects
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Modern Risk Quantification In Complex Projects
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Author : Yuri G. Raydugin
language : en
Publisher:
Release Date : 2020
Modern Risk Quantification In Complex Projects written by Yuri G. Raydugin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Business & Economics categories.
A modified non-linear Monte Carlo methodology is developed to dramatically increase the accuracy of contingency development in complex project. It is achieved through counting of non-linear risk interactions in complex projects consistently that have been completely missed out by the traditional methods.
Modern Risk Quantification In Complex Projects
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Author : RAYDUGIN.
language : en
Publisher:
Release Date :
Modern Risk Quantification In Complex Projects written by RAYDUGIN. and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Risk Based Project Decisions In Situations Of High Complexity And Deep Uncertainty
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Author : Yuri G. Raydugin
language : en
Publisher: Springer Nature
Release Date : 2024-06-06
Risk Based Project Decisions In Situations Of High Complexity And Deep Uncertainty written by Yuri G. Raydugin and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-06-06 with Business & Economics categories.
This book integrates for readers three areas of knowledge, pertaining to risk-based project decision making: project risk management (PRM), complexity theory, and decision-making under deep uncertainty (DMDU). Readers will appreciate that in practice, too often relevant complexity and uncertainty factors are either ignored or overlooked resulting in epic project failures. The author discusses a variety of methodologies and a decision-tree-type framework to determine why, when and how particular methodologies should be applied to ensure project success. These include nonlinear Monte Carlo techniques, a dynamic adaptive methodology to adapt to external environment changes, game theory for devising robust decision-making criteria, systems dynamics and cost escalation modelling, as well as risk-based & economic-based alternatives selection methodologies. This book will be an eye-opener for many PRM practitioners, helping to increase their chances of project success by properly handling inescapable project-complexity and deep-uncertainty implications in specific contexts.
Global Risk And Contingency Management Research In Times Of Crisis
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Author : Vajjhala, Narasimha Rao
language : en
Publisher: IGI Global
Release Date : 2022-06-24
Global Risk And Contingency Management Research In Times Of Crisis written by Vajjhala, Narasimha Rao and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-24 with Business & Economics categories.
Risks can be identified, evaluated, and mitigated, but the underlying uncertainty remains elusive. Risk is present across all industries and sectors. As a result, organizations and governments worldwide are currently experiencing higher levels of risk and have had to make risky decisions during times of crisis and instability, including the COVID-19 pandemic, economic and climate perils, and global tensions surrounding terrorism. It is essential that new studies are undertaken to understand strategies taken during these times to better equip business leaders to navigate risk management in the future. Global Risk and Contingency Management Research in Times of Crisis examines the impact of crises including the COVID-19 pandemic, which has tested organizational risk and contingency management plans. It provides significant insights that should benefit business leaders on risk and contingency management in times of crisis. It emphasizes strategies that leaders can undertake to identify potential future risks and examines decisions made in past crises that can act as examples of what to do and what not to do during future crisis events. Covering topics such as auditing theories, risk assessment, and educational inequality, this premier reference source is a crucial resource for business leaders, executives, managers, decision makers, policymakers, students, government officials, entrepreneurs, librarians, researchers, and academicians.
Modern Risk Quantification In Complex Projects
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Author : Yuri G. Raydugin
language : en
Publisher: Oxford University Press
Release Date : 2020-07-16
Modern Risk Quantification In Complex Projects written by Yuri G. Raydugin and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-16 with Mathematics categories.
Project practitioners and decision makers complain that both parametric and Monte Carlo methods fail to produce accurate project duration and cost contingencies in majority of cases. Apparently, the referred methods have unacceptably high systematic errors as they miss out critically important components of project risk exposure. In the case of complex projects overlooked are the components associated with structural and delivery complexity. Modern Risk Quantification in Complex Projects: Non-linear Monte Carlo and System Dynamics Methodologies zeroes in on most crucial but systematically overlooked characteristics of complex projects. Any mismatches between two fundamental interacting subsystems - a project structure subsystem and a project delivery subsystem - result in non-linear interactions of project risks. Three kinds of the interactions are distinguished - internal risk amplifications stemming from long-term ('chronic') project system issues, knock-on interactions, and risk compounding. Affinities of interacting risks compose dynamic risk patterns supported by a project system. A methodology to factor the patterns into Monte Carlo modelling referred to as non-linear Monte Carlo schedule and cost risk analysis (N-SCRA) is developed and demonstrated. It is capable to forecast project outcomes with high accuracy even in the case of most complex and difficult projects including notorious projects-outliers: it has a much lower systematic error. The power of project system dynamics is uncovered. It can be adopted as an accurate risk quantification methodology in complex projects. Results produced by the system dynamics and the non-linear Monte Carlo methodologies are well-aligned. All built Monte Carlo and system dynamics models are available on the book's companion website.
Contemporary Approaches In Urbanism And Heritage Studies
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Author : Rokhsaneh Rahbarianyazd , Editor
language : en
Publisher: Cinius Yayınları
Release Date : 2021-08-01
Contemporary Approaches In Urbanism And Heritage Studies written by Rokhsaneh Rahbarianyazd , Editor and has been published by Cinius Yayınları this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-08-01 with Fiction categories.
This book is an intellectuaJ discourse and a concise compendium of current research in Architecture and Urbanism. Primarily, it is a book of readings of 24 chapters. The book brings together theories, manifestos and methodologies on contemporary architecture and urbanism to raise the understanding tor the futu re of architectur and urban planning. Ovcrall, the book aimed to establislı a bıidge between theory and practice in the built environment. Thus. it reports on the lalesi research fındings and innovative approaches. methodologies for creating, assessing. and understanding of contemporary built environment.
International Program And Project Management Best Practices In Selected Industries
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Author : Kenneth David Strang
language : en
Publisher: Springer Nature
Release Date : 2025-03-06
International Program And Project Management Best Practices In Selected Industries written by Kenneth David Strang and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-03-06 with Computers categories.
This book examines the latest best practices in international program and project management, offering invaluable insights across various industries. Edited by renowned experts, this book brings together a diverse range of case studies and research from leading scholars and practitioners worldwide. From a detailed macro-environmental analysis of contemporary project management to exploring the complexities of AI project management, each chapter highlights critical strategies, tools, and methodologies needed to tackle today's evolving challenges in program and project management. Topics such as ISO standards, ISO 21502, project management body of knowledge (PMBOK), risk management in high-complexity environments, stakeholder management, and agile business intelligence projects are discussed through practical case studies from industries ranging from fintech and biopharmaceuticals to public administration. This book is an essential resource for project managers, researchers, and industry professionals seeking to enhance their understanding of global project management dynamics and apply cutting-edge approaches across sectors. Chapter 7 is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.
Megaproject Risk Analysis And Simulation
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Author : Prince Boateng
language : en
Publisher: Emerald Group Publishing
Release Date : 2017-04-28
Megaproject Risk Analysis And Simulation written by Prince Boateng and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-28 with Business & Economics categories.
Providing new knowledge on risk analysis and simulation for megaprojects, this book is essential reading for both academics and practitioners. Its focus is on technical descriptions of a newly developed dynamic systems approach to megaproject risk analysis and simulation.
Future Of Co2 Capture Transport And Storage Projects
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Author : Jaleh Samadi
language : en
Publisher: Springer
Release Date : 2018-03-06
Future Of Co2 Capture Transport And Storage Projects written by Jaleh Samadi and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-06 with Business & Economics categories.
This book presents a summary of a three-year research project on risk management for the Capture, Transport and Storage of CO2 (CTSC), offering an in-depth study on complex sociotechnical systems and systemic modeling. Approaching CTSC as a complex sociotechnical system, this book proposes systemic modeling as a decision-making aid. It offers a means of decision-making for the development of CTSC projects in the real-world context, where the future of the technology is uncertain. Risk management is considered as a means of control that can provide a control structure for the whole system. The risks associated with CTSC are not exclusively technical in nature; CTSC also faces a number of further uncertainties, from development to commercial scales. A major question concerning CTSC at the current scale of development is: "What are the factors explaining the success or failure of CTSC projects in different contexts?" In order to answer this question, the book proposes a systemic risk management framework based on the system dynamics and STAMP (Systems-Theoretic Accident Model and Processes) concepts.
The Project Management Time Cycle
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Author : Sandip Sen
language : en
Publisher: Sandip Sen
Release Date : 2008-12-17
The Project Management Time Cycle written by Sandip Sen and has been published by Sandip Sen this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-17 with Business & Economics categories.
The Book is focussed on the stakeholder's need for creating competative business with fewer resources using new tools & techniques. One such technique is Project Risk mitigation by predictive analytics by mapping and analysing variance . ( called cloud computing for demand surveys) For detailed Risk analytics discussion (reference Pg 26 to 30 of the book ) refer http://tinyurl.com/lzokqy andfor case studies http://bit.ly/LJofP and http://tinyurl.com/lnkv9hTCM uses step by step conventional Project Management Methods to ensure the implementation and fail safe deliverance of both the Business Process as well as Business Solution along with latest methods, like containerisation of time and work. Digital Resource mapping classification, & mobilisation for both inventory as well as manpower are other such techniques used to great effect all of which will be treated in detailed through various media releases from time to time at half a dozen different forums.