Pproject Management: Risk Assessment in Global Projects

Risk Assessment in global projects
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Risk Assessments in Global Project
Stanleigh, Michael. (2015). Risk Management…the What, Why, and How;bia.ca.  HYPERLINK "https://bia.ca/risk-management-the-what-why-and-how/" https://bia.ca/risk-management-the-what-why-and-how/
Michael Stoneleigh defines risk assessment as a process of quality problem solving. In his article, Michael gives steps for risk assessment that include risk identification, risk assessment; risk response and risk prevent measures. According to this article, the identification of risk involves brainstorming. During the brainstorming stage the management should identify potential risks that can occur in the company. After identification, Michael states that the risks should then be prioritized and categorized. According to Michael (2016), risks that have higher probability of occurring and risks that have higher impacts should first be managed. The second step in risk assessment as per this article is risk assessment. The author states that the cause of the risk and its impact on the project should be analyzed. Third, responses to the risk should be formed. This article states that preventive measure should then be laid down to reduce the likelihood of the risk occurring.
McLaughlin, John., Ocock, Michael,. & Trebes, Barry. (2015). Global Risk Assessment and Strategic Planning: An introduction and facilitator's guide to the GRASP methodology
Global Risk Assessment and Strategic Planning is a book with personalized reference information for project managers. The book contains risk-based techniques and strategic processes for decision-making that helps achieve successful projects with lesser risk occurrences. The authors have used risk assessment and front end strategic planning to awaken teamwork in management. The method featured in the book also merges perspectives from different multi – stakeholders to enhance knowledge base and awareness of the management team. The authors further identify potential projects’ risks, and gives effective ways of dealing with the risks. The book finally advices how project management can expand clearer picture and better understanding of success of a project’s objectives, criteria, opportunities and risks to make sure there are higher chances of success at the end of the project.
Binder, Jean. (2016). Global Project Management: Communication, Collaboration and Management ...Routledge London and Ney York.
The author of this book takes the reader through a journey of global project success. She explains to the reader why generic projects get good management in some countries while in other countries they are barely understood despite the communication and project scope being similar. This book is written in an easy to understand format where the reader is coached on global communication, cross cultural collaboration organizations, coaching over distance, tools among other topics. Jean Binder uses a methodical approach while dealing with major concepts like the complicated Global Project management problems. The book not only highlights risky issues in global management, it also gives solutions to the problems.
Aminbakhsh, Saman. (2013).Safety risk assessment using analytic hierarchy process (AHP) during planning and budgeting of construction projects; National Safety Council and Elsevier Ltd
This is a journal that provides a framework of risk assessment through Analytic Hierarchy Process (AHP) and Cost of Safety theory (COS). The author provides the reader with strong prioritization method of risk assessment in projects of construction. Through this journal, project managers can learn ways of creating budgets that are rational and set practical goals while their safety remains uncompromised. This journal further provides decision makers a decision tool that helps them determine the right investment for accident and injury prevention while also considering limits of funding. The safety risk framework proposed in the journal is from existing construction projects.
Osman, Taylana. & Mahdi, Abdallah. (2014). Construction projects selection and risk assessment by fuzzy AHP and fuzzy TOPSIS methodologies. ScienceDirect ® Elsevier
Projects are started in dynamic surroundings which result in situations of risks and high uncertainty due to growth of numerous interrelated parameters. The journal gives a detailed study of the major risk criteria that are bound to be experienced at King Abdulaziz University (KAU) construction. To successfully prioritize the risks of the projects, there is application of the relative importance index (RII). Through the Fuzzy AHP process, favorable construction project risk terms are created. The authors of this journal through innovative and analytic tools evaluate construction projects’ general risks under uncertain and incomplete circumstances. The authors help project managers to place risk in the right category and calculate its level prior to developing strategies and countering the factors of high risks.
Haimes, Yacoy. (2015). Risk Modeling, Assessment, and Management, 4th Edition. ISBN: 978-1-119-01798-1;  HYPERLINK "http://eu.wiley.com/WileyCDA/WileyTitle/productCd-1119018021.html" http://eu.wiley.com/WileyCDA/WileyTitle/productCd-1119018021.html
Yacoy Haimes wrote this book with expanded chapters that elaborate system based principles for risk assessment, planning, modeling and communication. The book evaluates risk analysis, as it focuses on measuring risk and creating possible solutions for real-world management. Yacoy presents essential concepts like hierarchical holographic modeling; decision analysis and state space and multi-objective trade-off analysis. He have also used advanced material that include extreme events and the partition multi-objective r method; multi-objective decision trees; multi-objective risk impact analysis method; guiding principles in risk analysis); avoids higher mathematics whenever possible; and reinforces the material with examples and case studies. The book will be used in systems engineering, enterprise risk management, engineering management, industrial engineering, civil engineering, and operations research.
Cagno, Enrico., Caron, Franco., & Mancini, Mauro. (2015). A MultiDimensional Analysis of Major Risks in Complex Projects. Risk management  HYPERLINK "/publication/247479510_A_MultiDimensional_Analysis_of_Major_Risks_in_Complex_Projects" /publication/247479510_A_MultiDimensional_Analysis_of_Major_Risks_in_Complex_Projects (PDF)
A Multidimensional Analysis of Major Risks in Complex Projects article develops a model – based approach on three aspect levels and three dimensions of risk classification to examine high risks in composite projects. The article enables the reader to recognize and grade major risks in a project, the major uncertainty source and the actions and stakeholders unexposed. Generally, this art...