scholarly journals A multi-criteria decision-making process for project risk management method selection

2012 ◽  
Vol 2 (2) ◽  
pp. 189 ◽  
Author(s):  
Franck Marle ◽  
Thierry Gidel
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Decision Making Process ◽  
Project Risk Management ◽  
Multi Criteria Decision Making ◽  
Project Risk ◽  
Method Selection ◽  
Management Method

scholarly journals Multi-criteria decision-making for flood risk management: a survey of the current state of the art

2016 ◽  
Vol 16 (4) ◽  
pp. 1019-1033 ◽  
Author(s):  
Mariana Madruga de Brito ◽  
Mariele Evers
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Flood Risk ◽  
Flood Risk Management ◽  
Decision Making Process ◽  
Multi Criteria Decision Making ◽  
Wide Range ◽  
Order Preference ◽  
Criteria Weights ◽  
Simple Additive Weighting

Abstract. This paper provides a review of multi-criteria decision-making  (MCDM) applications to flood risk management, seeking to highlight trends and identify research gaps. A total of 128 peer-reviewed papers published from 1995 to June 2015 were systematically analysed. Results showed that the number of flood MCDM publications has exponentially grown during this period, with over 82 % of all papers published since 2009. A wide range of applications were identified, with most papers focusing on ranking alternatives for flood mitigation, followed by risk, hazard, and vulnerability assessment. The analytical hierarchy process (AHP) was the most popular method, followed by Technique for Order Preference by Similarity to an Ideal Solution (TOPSIS), and Simple Additive Weighting (SAW). Although there is greater interest in MCDM, uncertainty analysis remains an issue and was seldom applied in flood-related studies. In addition, participation of multiple stakeholders has been generally fragmented, focusing on particular stages of the decision-making process, especially on the definition of criteria weights. Therefore, addressing the uncertainties around stakeholders' judgments and endorsing an active participation in all steps of the decision-making process should be explored in future applications. This could help to increase the quality of decisions and the implementation of chosen measures.

Analysis and Visualization of Project Structure Using Linkography: Focussing Project Risk Management

2009 ◽  
Author(s):  
Kilian Gericke ◽  
Bjo¨rn Kleinod ◽  
Lucienne Blessing
Keyword(s):  
Risk Management ◽  
Original Method ◽  
Project Risk Management ◽  
Management Process ◽  
Cost Information ◽  
Project Risk ◽  
Real Time Scale ◽  
Risk Management Process ◽  
Management Method ◽  
Project Structure

Product development projects are difficult to plan due to complexity, dynamics, lack of transparency and polytely. Risk Management is often used to cope with this situation. Linkography (originally proposed by Goldschmidt) is adapted with the aim to ease the effort of the Risk Management process. The elements of the original method are transferred to the area of Project Risk Management, complemented by a real time scale, and cost information of elements. Linkography is used to focus all Risk Management activities on those work packages, which might affect the project the most in the case of failing the expected outcome. The number of links to other work packages, its duration and its costs defines the criticality of a work package. By applying Linkography as a Risk Management method, a prioritized list of work packages can be generated which pass consecutively through the usual Risk Management process. Unlike other methods, Linkography supports the user in a visual manner. Hence, Linkography can easily be used for communication with unskilled stakeholders.

COMPOSITE RISK MANAGEMENT – METHOD OF RISK MANAGEMENT IN US MILITARY ORGANISATION

2011 ◽  
Vol 162 (4) ◽  
pp. 278-296
Author(s):  
Dariusz BECMER ◽  
Dariusz SKORUPKA
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Decision Making Process ◽  
Us Army ◽  
Us Military ◽  
Management Method ◽  
Composite Risk ◽  
The Military ◽  
Military Decision Making

In their article the authors depict the method of risk management used by US Army commanders in the military decision-making process, the preparation and the execution of an operation. The method is applied to combat operations, stabilisation operations, training, garrison activities and off-duty activities. The purpose of Composite Risk Management is to mitigate or eliminate risks associated with all the hazards related to the abovementioned operations and activities.

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