Modelling Risk Interactions to Re-Evaluate Risks in ProjectManagement

DSM 2010: Proceedings of the 12th International DSM Conference, Cambridge, UK, 22.-23.07.2010

Year: 2010
Editor: Wynn, D.C.; Kreimeyer, M.; Eben, K.; Maurer, M.; Lindemann, U.; Clarkson, P.J.
Author: Fang, C.; Marle, F.; Vidal, L.-A.
Section: Risk and Decisions
Page(s): 31-44


In order to manage risks in complex project, interactions must be integrated with classical characteristics of risks, and propagation behaviour in risk network needs to be analysed. Design Structure Matrix (DSM) has proved to be a practical tool for representing and analysing relations and dependencies among system components. In this paper we present a method based on structure matrix to model risk interactions and to re-evaluate risks for assisting managers make more reliable decisions.

Keywords: Project Management, Complexity, Risk Interactions, Risk Structure Matrix, Risk Propagation


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