Centricity in Project Risk Management: New Dimensions for Improved Practice

Irizar, Jose and Wynn, Martin G ORCID: 0000-0001-7619-6079 (2015) Centricity in Project Risk Management: New Dimensions for Improved Practice. International Journal on Advances in Intelligent Systems, 8 (1 & 2). pp. 209-218.

[img]
Preview
Text (Final published version)
Centricity in Project Risk Management New Dimensions for Improved Practice.pdf - Published Version
Available under License Creative Commons Attribution Non-commercial Share Alike 4.0.

Download (506kB) | Preview

Abstract

Most organisations engage in major projects during their life cycle, and effective project management is increasingly accepted as a necessary competence in larger companies. Nevertheless, a considerable proportion of projects continue to fail to meet their due dates, exceed budget, do not deliver to specification, miss quality standards, or fall short on customer expectations. The effective management of project risk is a major component of this problem, and central to its resolution; and yet the theory of risk management remains relatively undeveloped and its practice is often poorly executed. This paper examines how the concept of centricity can be applied to some key elements of risk management to develop a conceptual framework that highlights some of the shortcomings of current practice and suggests alternative ways forward. The initial results of applying the model in three major projects in the automotive industry are discussed.

Item Type: Article
Article Type: Article
Subjects: T Technology > T Technology (General)
Divisions: Schools and Research Institutes > School of Business, Computing and Social Sciences
Research Priority Areas: Applied Business & Technology
Depositing User: Martin Wynn
Date Deposited: 10 Jul 2015 14:24
Last Modified: 31 Aug 2023 08:01
URI: https://eprints.glos.ac.uk/id/eprint/2429

University Staff: Request a correction | Repository Editors: Update this record

University Of Gloucestershire

Bookmark and Share

Find Us On Social Media:

Social Media Icons Facebook Twitter Google+ YouTube Pinterest Linkedin

Other University Web Sites

University of Gloucestershire, The Park, Cheltenham, Gloucestershire, GL50 2RH. Telephone +44 (0)844 8010001.