Bio: D. Kasap is an academic researcher from Scientific and Technological Research Council of Turkey. The author has contributed to research in topics: Risk management plan & Enterprise risk management. The author has an hindex of 2, co-authored 2 publications receiving 40 citations.
••15 Oct 2007
TL;DR: In this paper, a risk identification step of the risk management plays an important role by determining which risks are likely affect the project and documenting the characteristics of each of each risk in detail.
Abstract: Risk management is an integral part of the project management. Because, projects always go along with various kind of risks. Risk identification step of the risk management plays an important role by determining which risks are likely affect the project and documenting the characteristics of each. This paper aims to study risk identification step in detail.
••15 Oct 2007
TL;DR: In this paper, the failure risk probability of RD market related risks, technology-related risks, environment related risks and organization related risks was analyzed. But failure risk probabilities of RD were not considered.
Abstract: Since the failure risk probability of RD market related risks, technology related risks, environment related risks, organization related risks.
TL;DR: The paper exposes some pertinent elements needed for building the KBRM framework for IT projects and also suggests some instrument about the integration of KM and RM process to improve the RRP (Risk Response Planning) process efficiency.
TL;DR: In this paper, a post-disaster inspection into the causes of tower failure during a typhoon was conducted, and the likely causal mechanisms were examined from the risk management perspective.
TL;DR: In this article, the authors introduce a newly developed method for risk identification, which is based on risk qualitative and quantitative assessment but far less on risk identification in the field of risk identification.
Abstract: Considerable work has been carried out on risk qualitative and quantitative assessment but far less on risk identification. This paper introduces a newly developed method for risk identification, b...
TL;DR: The crux of this paper is that the risks are highly dependent on project schedule and the proposed methodology could give a better risk priority list because it considers slackness associated with the project activities.
Abstract: It is observed that most of the infrastructure projects fail to meet their cost and time constraints, which will lead to a low return on investment. The paper highlights that the present risk management tools and techniques do not provide an adequate basis for response selection in managing critical risks specific to infrastructure projects. This paper proposes a risk quantification methodology and demonstrates its application for an industrial construction project. A case study is used to present an application of the proposed risk management methodology to help organisations efficiently choose risk response strategy and allocate limited resources. The research adopts an integrated approach to prioritize risks using Group Technique for Order Preference by Similarity to Ideal Solution (GTOPSIS) and to quantify risks in terms of overall project delays using Judgemental Risk Analysis Process (JRAP), and Monte Carlo Simulation (MCS). A comparison between the results of qualitative risk analysis using GTOPSIS and quantitative risk analysis i.e., JRAP and MCS is presented. It is found that JRAP along with MCS could provide some powerful results which could help the management control project risks. The crux of this paper is that the risks are highly dependent on project schedule and the proposed methodology could give a better risk priority list because it considers slackness associated with the project activities. The analysis can help improve the understanding of implications of specific risk factors on project completion time and cost, while it attempts to quantify risks. In turn, this enables the project manager to devise a suitable strategy for risk response and mitigation.