Oman is a member of Gulf Cooperation Council (GCC). It is located in Southwest Asia and it has strategic significant boundaries, Overlooking the Arabian Sea, Gulf of Oman, and the Persian Gulf. It is the 80th in Global Innovation Index in 2019 and 63 in E-Government Development Index in 2018. Oman is an effective member of the Greater Arab Free Trade Agreement (GAFTA) and the World Trade Organization (WTO). Furthermore, Oman's government has continued efforts to develop local and foreign investments by signing a Free Trade Agreement (FTA) with the USA. Oman plays a significant role in investments due to its strategic location connected to the markets in the Gulf, the Middle East, Asia, and Africa. Oman's vision is to involve all new technologies to be always beside the developed countries. To achieve that, Oman established The Government Innovation Initiative to encourage government entities in creativity and introduce their suggestions to enhance governmental performance and enhance the efficiency in different fields. This is realized by involving modern technologies like the Internet of Things (IoT), Artificial Intelligence (AI), Cloud Computing, Virtual Reality Applications, and Blockchain. In Oman, the risk management approach is a core technique. Three major stages are applied systematically in risk management in software projects. These stages involve a) identifying the risk; b) analyzing and assessing the risk, and c) reaction to the risk. There is no doubt that the high risk belonged to business will have negative impacts on all of its participants. Wherefore, this paper sheds the light on that knowledge area. The aim of this paper is to review the present literature on risk management processes implemented in software projects. There is a dearth in the literature which covers the risk management area knowledge in Oman's organizations. This paper target finding out the commonly used frameworks or mechanisms in risk management in software projects. It also tries to collect the responses to state the various types of risk origins in the existing profit and non-profit organizations in Oman and to recognize the coming research trends in this area.
This document discusses project risk management. It defines risk management and outlines the key processes: planning, identification, analysis, response planning, and monitoring. It describes performing qualitative risk analysis to assess the likelihood and impact of identified risks. This involves using tools like probability and impact matrices to prioritize risks. The output is an updated risk register containing the qualitative analysis results.
Risk Management in High Rise Construction Projects: A ReviewA Makwana
This paper gives information about identification of risk factors and perceptions of Indian construction practitioners i.e., contractors, owners, project managers and Engineers on the importance of different construction risks and how the risks should be assigned between the different parties of the contract. As the very common project styles, construction projects have so many characteristics likewise time limitation, specific items, financial restrictions and requirements, extraordinary structural and legal situations, complexity features. For this situation every construction project has own complex method. Risks constantly happen at construction projects and frequently cause time overrun or cost overrun. If you don’t contemplate these risk factors, or neglect the main factors, these risk factors will affect the damage because of the managerial errors. Risk management is the process which covers to identify the risks, for assessment with the help of qualitatively and quantitatively, to response with appropriate technique for management and controlling. The concept has gain popularity in various industries. Various companies frequently found the method in their projects for upgrading their performance, reducing their losses and increasing their profits. Questionnaire survey among clients, contractors, engineers and architects is analyzed using, Relative Importance Index (RII) and Importance Index (IMP.I) methods. The focus of this study is to understand what Risk Management is, understand the process of risk management at construction project and have depth knowledge on the use of risk management in high-rise construction projects.
Establishing risk management factors for construction projects in iraqIAEME Publication
This document summarizes a research study that aimed to identify and evaluate key risk factors for construction projects in Iraq. A questionnaire was distributed to 75 respondents representing clients, consultants, and contractors. It identified 65 critical risk factors that were categorized into 8 groups: financial, legal, management, market, political/security, technical, environmental, and social. The top 10 most important risk factors identified were security measures, loss due to corruption/bribery, loss due to bureaucracy, unofficial holidays, loss due to political changes, increase in materials prices, unfair tendering, improper project planning/budgeting, design changes, and increased labor costs. The study analyzed the risk factors based on their frequency, severity, and importance using statistical analysis
IRJET- Developing a Model of Risk Allocation and Risk Handling for Effective ...IRJET Journal
This document presents a study on developing a model for effective risk management in construction projects. It identifies various risks associated with construction projects through interviews with project managers and engineers. A total of 57 risks are identified and classified. The risks are then assessed qualitatively based on their probability of occurrence and potential impact using linguistic scales. Risk factors are calculated and risks are prioritized based on these factors. The top 15 most significant risks are identified. These risks are then allocated to relevant project parties like the owner, contractor or consultant based on their ability to manage the risks. Finally, risk mitigation strategies like risk avoidance, reduction, transfer and retention are proposed for the top risks based on survey responses. The overall aim is to establish an effective framework
A Study on Risk Assessment in Construction ProjectsIJMER
Risks are very common in construction sector. Risk management includes identifying risks,
assessing risks either quantitatively or qualitatively, choosing the appropriate method for handling the
risks, and then monitoring and documenting risks. By identifying risks in an early stage of planning and
assessing their relative importance, project managers can identify methods used to reduce risks and
allocate the best people to mitigate them. Thus, this research focuses on risk identification, as opposed
to other processes of risk management. "Brain-storming sessions" is the most popular method used
frequently to identify the risks in projects as deduced from a questionnaire survey from participants in
large construction projects. Time and cost management need to be fully integrated with the
identification process. Time constraints and project managers with sufficient experience are critical
when identifying the level of risk for large and/or complex projects. The most considerable types of risk
in construction projects are financial risks, construction risks, and demand or product risks
This document introduces a new scalable approach to project risk management developed by Caltrans. It provides an overview of the project risk management process, which includes risk identification, qualitative and quantitative analysis, developing risk responses, monitoring risks, and ensuring communication and accountability across project phases. The goal is to help project teams proactively manage risks and communicate them as projects progress through delivery. The level of risk management applied will scale based on a project's size and complexity.
Risk Management is an important component of project management. it all start with the planning stage to the execution stage. There is no way a project can be implemented without strong foundations of risk management. The slides expounds the subject of risk management on sidelines of the project management like a rod and staff
Analysis, perception and aspects of risk management in the construction secto...Alexander Decker
The document discusses risk management in the construction sector of Pakistan, including definitions of risk and uncertainty, and an analysis of the risk perceptions and management practices based on questionnaire surveys and interviews conducted with professionals in the construction industry. A number of researchers have proposed different methodologies for risk analysis in construction projects to efficiently allocate resources to risks. The study analyzed data on risk management, risk perception, documentation, trustworthiness, design-build projects, and collaborative relationships in the construction sector of Pakistan.
This document discusses project risk management. It defines risk management and outlines the key processes: planning, identification, analysis, response planning, and monitoring. It describes performing qualitative risk analysis to assess the likelihood and impact of identified risks. This involves using tools like probability and impact matrices to prioritize risks. The output is an updated risk register containing the qualitative analysis results.
Risk Management in High Rise Construction Projects: A ReviewA Makwana
This paper gives information about identification of risk factors and perceptions of Indian construction practitioners i.e., contractors, owners, project managers and Engineers on the importance of different construction risks and how the risks should be assigned between the different parties of the contract. As the very common project styles, construction projects have so many characteristics likewise time limitation, specific items, financial restrictions and requirements, extraordinary structural and legal situations, complexity features. For this situation every construction project has own complex method. Risks constantly happen at construction projects and frequently cause time overrun or cost overrun. If you don’t contemplate these risk factors, or neglect the main factors, these risk factors will affect the damage because of the managerial errors. Risk management is the process which covers to identify the risks, for assessment with the help of qualitatively and quantitatively, to response with appropriate technique for management and controlling. The concept has gain popularity in various industries. Various companies frequently found the method in their projects for upgrading their performance, reducing their losses and increasing their profits. Questionnaire survey among clients, contractors, engineers and architects is analyzed using, Relative Importance Index (RII) and Importance Index (IMP.I) methods. The focus of this study is to understand what Risk Management is, understand the process of risk management at construction project and have depth knowledge on the use of risk management in high-rise construction projects.
Establishing risk management factors for construction projects in iraqIAEME Publication
This document summarizes a research study that aimed to identify and evaluate key risk factors for construction projects in Iraq. A questionnaire was distributed to 75 respondents representing clients, consultants, and contractors. It identified 65 critical risk factors that were categorized into 8 groups: financial, legal, management, market, political/security, technical, environmental, and social. The top 10 most important risk factors identified were security measures, loss due to corruption/bribery, loss due to bureaucracy, unofficial holidays, loss due to political changes, increase in materials prices, unfair tendering, improper project planning/budgeting, design changes, and increased labor costs. The study analyzed the risk factors based on their frequency, severity, and importance using statistical analysis
IRJET- Developing a Model of Risk Allocation and Risk Handling for Effective ...IRJET Journal
This document presents a study on developing a model for effective risk management in construction projects. It identifies various risks associated with construction projects through interviews with project managers and engineers. A total of 57 risks are identified and classified. The risks are then assessed qualitatively based on their probability of occurrence and potential impact using linguistic scales. Risk factors are calculated and risks are prioritized based on these factors. The top 15 most significant risks are identified. These risks are then allocated to relevant project parties like the owner, contractor or consultant based on their ability to manage the risks. Finally, risk mitigation strategies like risk avoidance, reduction, transfer and retention are proposed for the top risks based on survey responses. The overall aim is to establish an effective framework
A Study on Risk Assessment in Construction ProjectsIJMER
Risks are very common in construction sector. Risk management includes identifying risks,
assessing risks either quantitatively or qualitatively, choosing the appropriate method for handling the
risks, and then monitoring and documenting risks. By identifying risks in an early stage of planning and
assessing their relative importance, project managers can identify methods used to reduce risks and
allocate the best people to mitigate them. Thus, this research focuses on risk identification, as opposed
to other processes of risk management. "Brain-storming sessions" is the most popular method used
frequently to identify the risks in projects as deduced from a questionnaire survey from participants in
large construction projects. Time and cost management need to be fully integrated with the
identification process. Time constraints and project managers with sufficient experience are critical
when identifying the level of risk for large and/or complex projects. The most considerable types of risk
in construction projects are financial risks, construction risks, and demand or product risks
This document introduces a new scalable approach to project risk management developed by Caltrans. It provides an overview of the project risk management process, which includes risk identification, qualitative and quantitative analysis, developing risk responses, monitoring risks, and ensuring communication and accountability across project phases. The goal is to help project teams proactively manage risks and communicate them as projects progress through delivery. The level of risk management applied will scale based on a project's size and complexity.
Risk Management is an important component of project management. it all start with the planning stage to the execution stage. There is no way a project can be implemented without strong foundations of risk management. The slides expounds the subject of risk management on sidelines of the project management like a rod and staff
Analysis, perception and aspects of risk management in the construction secto...Alexander Decker
The document discusses risk management in the construction sector of Pakistan, including definitions of risk and uncertainty, and an analysis of the risk perceptions and management practices based on questionnaire surveys and interviews conducted with professionals in the construction industry. A number of researchers have proposed different methodologies for risk analysis in construction projects to efficiently allocate resources to risks. The study analyzed data on risk management, risk perception, documentation, trustworthiness, design-build projects, and collaborative relationships in the construction sector of Pakistan.
The document discusses construction risk management. It defines risk management as dealing with hazards in commerce and industry. Every construction project has some level of risk. It outlines a three-tiered framework for risk management that includes risk detection, analysis, and response. Effective risk management requires open communication, monitoring of progress, adequate funding, and experienced personnel. A cooperative risk management model based on knowledge sharing and personal relationships can help lower costs and better allocate risks between parties.
IRJET- Analysis of Risk Management in Construction Sector using Fault Tree...IRJET Journal
This document analyzes risk management in the construction sector using Fault Tree Analysis and Failure Mode Effects Analysis. It aims to understand risk factors for building projects. These two methods are used to analyze risks without shortcomings. Fault Tree Analysis uses a top-down approach and Boolean logic to identify how systems can fail. Failure Mode Effects Analysis is a bottom-up technique to identify and prioritize potential failures before they occur. The results recommend more standardization in construction contracts to address issues like roles, risks, and payments. Overall, the study suggests that effective risk management should be properly applied in the construction industry.
The document provides an overview of project risk management processes and techniques. It discusses qualitative and quantitative risk analysis methods, such as probability/impact matrices and decision trees. Response strategies like risk avoidance, mitigation, and acceptance are also covered. The document aims to equip project managers with tools and best practices for identifying, assessing, and responding to risks throughout the project life cycle.
EFFECTIVE RISK MANAGEMENT IN CONSTRUCTION PROJECTSvivatechijri
Risk management can be directly related to the successful project completion as it is very much
essential. Project management literature describes a detailed and widely accepted risk management process,
which is constructed basically from four iterative phases: risk identification, risk estimation, risk response
planning and execution, often managing the risk management process is included. Construction project planning is
an essential element in the management and execution of construction projects which involves the definition of
work tasks and their interactions as well as the assessment of required resource sand expected activity durations.
The study, therefore, examined the awareness of professionals in construction industry of the various types of
planning techniques and tools used on construction sites, Questionnaires were administered on selected building
professionals (Project Managers, Engineers, Architects), and Contractors and Sub-contractors directly involved
in construction work on sites in planning and the use of planning tools and techniques as major tools for successful
project execution
RISK LEVEL ASSESSMENT ON ROAD CONSTRUCTION’S CONTRACTORS USING CULTURAL – PRO...IAEME Publication
This study aimed to analyze the characteristics of potential risk and the risk levels to the contractors in a road construction project and its impact on service providers (contractors), and to make a risk assessment model with multi-criteria to the contractors in road construction projects. Objective contractors road construction is not optimal due to non-performance risk management in the project with the right. This study is done in the form of a survey by capturing the opinions or perceptions, experiences and attitudes of respondents implementing on road construction. Parameters indicating the risk of road construction projects were model and tested using the methodology of Expert Choice to describe, quantify and demonstrate the risk level, allocation, and response in road construction projects with different risk variables. Results of the study firstly identified 281 risks for the road construction including 57 non-technical, 39 technical, 36 financial, 76 cultural, 38 work health and safety management aspect and 35 environmental aspects.
IRJET- Risk Management using Primavera Software for Residential SectorIRJET Journal
This document discusses risk management in the residential construction sector using Primavera software. It first defines risk management and its importance in construction projects. It then reviews literature on risk identification and assessment methods. A case study of a residential building project in Pune, India is presented where risks are identified through a survey, categorized as high, medium, or low probability and impact, and recommendations are provided to manage high risk areas like time, people, market and cost. The study aims to develop a better understanding of key risks in the construction industry and show how forecasted risk assessment results can help reduce project risks.
Risk project management - Notes for the CAMP examMaria Kirk
This document provides an overview of project risk management processes based on the PMBOK 6th edition. It discusses the seven processes in project risk management, including plan risk management, identify risks, perform qualitative analysis, perform quantitative analysis, plan risk responses, implement risk responses, and monitor risks. It also describes key inputs, tools and techniques, and outputs for each process. The document emphasizes quantitative risk analysis methods like simulation and decision trees for assessing overall project risk. It provides examples of how to calculate expected monetary value and adjust risk based on the dynamic project environment.
Risks have a significant impact on a construction
project’s performance in terms of cost, time and quality. As
the size and complexity of the projects have increased, an
ability to manage risks throughout the construction process
has become a central element preventing unwanted
consequences. How risks are shared between the project
actors is to a large extent governed by the procurement
option and the content of the related contract documents.
Therefore, selecting an appropriate project procurement
option is a key issue for project actors.
The overall aim of this research is to increase the
understanding of risk management in the different
procurement options: design-bid-build contracts, designbuild contracts and collaborative form of partnering. Deeper
understanding is expected to contribute to a more effective
risk management and, therefore, a better project output and
better value for both clients and contractors. The study
involves nine construction projects recently performed in
Sweden and comprises a questionnaire survey and a series of
interviews with clients, contractors and consultants involved
in these construction projects.
The findings of this work show a lack of an iterative
approach to risk management, which is a weakness in current
procurement practices. This aspect must be addressed if the
risk management process is to serve projects and, thus, their
clients. The absence of systematic risk management is
especially noted in the programme phase, where it arguably
has the greatest potential impact. The production phase is
where most interest and activity are to be found. As a matter
of practice, the communication of risks between the actors
simply does not work to the extent that it must if projects are
to be delivered with certainty, irrespective of the form of
procurement.
A clear connection between the procurement option
and risk management in construction projects has been
found. Traditional design-bid-build contracts do not create
opportunities for open discussion of project risks and joint
risk management. A number of drivers of and obstacles to
effective risk management have been explored in the study.
Every actor’s involvement in dialogue, effective
communication and information exchange, open attitudes
and trustful relationship are the factors that support open
discussion of project risks and, therefore, contribute to
successful risk management.
Based on the findings, a number of recommendations
facilitating more effective risk management have been
developed for the industry practitioners.
The document discusses project risk management. It defines risk management as identifying, assigning, and responding to risk throughout a project's life to help meet objectives. It describes risks as potential problems that could impede success and notes risk management can improve success by selecting good projects and developing realistic estimates. It outlines the major processes of project risk management as risk identification, quantification, response development, and control.
This document discusses various types of risks in project management. It identifies different categories of risk like stakeholder risk, regulatory risk, external risk, execution risk, scope risk, scheduling risk, resource risk, and technology risk. It also describes risk management and techniques to incorporate risk factors in projects, including using a risk adjusted discount rate, certainty equivalent coefficient, sensitivity analysis, probability assignment, standard deviation, coefficient of variation, and decision tree analysis.
Proactive vs. Reactive Approaches to Software Security StrategyLindsey Landolfi
This document discusses proactive and reactive approaches to software security strategy. A proactive strategy involves pre-emptive actions like vulnerability assessments, risk analysis, implementing security controls, and developing continuity plans. A reactive strategy involves responsive actions after an attack like conducting damage assessments, implementing continuity plans, determining the attack source, and repairing damages. Both proactive and reactive strategies work together using a combination of activities to develop comprehensive security policies and mitigate risks throughout the software development lifecycle.
IRJET- A Review Paper on Risk Management using Primavera for Residential ...IRJET Journal
This document provides a literature review on risk management in the residential construction sector using Primavera software. It discusses how risk management is important to reduce costs and failures in construction projects. The review covers various definitions and methods of risk identification, assessment, and mitigation. It also identifies gaps such as risks often not being taken seriously in projects and discusses how a software like Primavera could help identify, analyze, and reduce risks to better manage projects and budgets. The objectives of the paper are to study risk management in residential construction, identify risks, analyze risks using Primavera, and provide mitigation recommendations.
A risk is defined as “an uncertain event or condition that, if it occurs, has a positive and negative effect on a project’s objectives.” Risk is inherent with any project, and project managers should assess risk continually and develop plan to address them. The risk management plan contains an analysis of likely risks with both high and low impact, as well as mitigation strategies to help the project avoid being derailed should common problems arise. Risk management plans should be periodically reviewed by the project team in order to avoid having the analysis become stale and not reflective of actual potential project risks. Most critical, risk management plans include a risk strategy.
This module on Managing Risk discusses different type of risk that needs to be taken into account by the management while implementing a project. The other topics converged in this module include probability-impact matrix, Risk Quantification; Mitigating/Transferring risk; Risk audits/Review; Sample Risk plan and how to initiate Risk Management Planning.
Risk Management In Software Product DevelopmentAmandeep Midha
The document discusses risk management in software product development. It presents the results of a study with three key findings:
1. 91% of respondents felt that scope and schedule-related risks must be considered.
2. 73% said dependent delivery of product components is a risk that requires consideration.
3. H0, that identifying and managing risks cannot avoid project failures, was disproved as over 90% of respondents felt identifying risks is important.
The document defines key risk management terminology such as risk register, risk, risk management, risk appetite, risk owner, risk matrix, and risk vulnerability. It also outlines the risk management process recommended by PRINCE2 and lists common risk categories and responses to risks. Finally, it provides guidance on developing an ICT risk register, including understanding objectives, identifying risks, documenting the risk register, and getting approval.
Critical role of_risk_assessment_in_international_projects_enVyacheslav Guzovsky
Risk is usually applied to negative events, things that might go wrong. Hopefully there are things that we can do, systems that we can put into place that will prevent bad things from happening, or at least if bad things happen, will minimize the likelihood of it being a total catastrophe. Some of these things are obvious, some of them are not so obvious and might sound like common sense, but there is a lot of science to back this up. This science is called risk management. It is a whole profession and may take you a few years to get there. The good news is it is a gradual process, and all we need to know is that it can be a handy tool for our trade and achievable by changing our working habits.
This document provides an overview of project risk management. It introduces the topic and defines key terms. The document outlines a process for project risk management, including risk identification, quantification/assessment, response development, and response control. Various tools are presented for each step of the process. The goal is to help project managers understand and implement risk management in their projects.
This document discusses risk analysis and management for projects. It defines risk as a potential problem that may or may not occur, and outlines why identifying and planning for risks is important for project success. The document then covers various aspects of risk analysis and management, including risk strategies, categories, identification, assessment, refinement, and developing plans to mitigate, monitor, and manage risks. The overall aim is to help project teams understand risks and put processes in place to avoid or minimize risks that could negatively impact a project.
This document provides guidance on conducting risk analysis according to ICH Q9. It defines key terms like risk, hazard, and risk analysis. The document outlines a 4 step process for risk analysis: 1) risk assessment involving identification, analysis, and evaluation of risks, 2) risk control through mitigation and reduction, 3) risk communication, and 4) risk monitoring and review. It also discusses tools like FMEA, HACCP, and DOE that can be used and how to calculate the risk priority number. Finally, it discusses how to integrate risk analysis into various quality management activities.
IRJET- Risk Management in Residential Project by Primavera SoftwareIRJET Journal
The document discusses risk management in residential construction projects, noting that identifying, assessing, and mitigating risks is important for project success. It reviews literature on risk management techniques like checklists and brainstorming. The document also states that residential projects often experience cost and schedule overruns due to risks, and developing a risk analysis model using software like Primavera could help quantify uncertainties and risks to improve project outcomes.
Risk Management Methodologies in Construction IndustriesIRJET Journal
This document discusses risk management methodologies in the construction industry. It begins with an abstract noting that modern construction projects are complex, increasing unpredictability, and that risk management is not always consistently implemented. The document then provides an overview of the key steps in risk management processes: risk identification, analysis, evaluation, and treatment strategies. It explains the identification process involves creating checklists of potential risks, determining consequences, mapping risks, and categorizing risks. The analysis process is described as collecting data, quantifying uncertainties, and evaluating potential impacts. The document stresses the importance of risk management for construction companies and projects.
The document discusses construction risk management. It defines risk management as dealing with hazards in commerce and industry. Every construction project has some level of risk. It outlines a three-tiered framework for risk management that includes risk detection, analysis, and response. Effective risk management requires open communication, monitoring of progress, adequate funding, and experienced personnel. A cooperative risk management model based on knowledge sharing and personal relationships can help lower costs and better allocate risks between parties.
IRJET- Analysis of Risk Management in Construction Sector using Fault Tree...IRJET Journal
This document analyzes risk management in the construction sector using Fault Tree Analysis and Failure Mode Effects Analysis. It aims to understand risk factors for building projects. These two methods are used to analyze risks without shortcomings. Fault Tree Analysis uses a top-down approach and Boolean logic to identify how systems can fail. Failure Mode Effects Analysis is a bottom-up technique to identify and prioritize potential failures before they occur. The results recommend more standardization in construction contracts to address issues like roles, risks, and payments. Overall, the study suggests that effective risk management should be properly applied in the construction industry.
The document provides an overview of project risk management processes and techniques. It discusses qualitative and quantitative risk analysis methods, such as probability/impact matrices and decision trees. Response strategies like risk avoidance, mitigation, and acceptance are also covered. The document aims to equip project managers with tools and best practices for identifying, assessing, and responding to risks throughout the project life cycle.
EFFECTIVE RISK MANAGEMENT IN CONSTRUCTION PROJECTSvivatechijri
Risk management can be directly related to the successful project completion as it is very much
essential. Project management literature describes a detailed and widely accepted risk management process,
which is constructed basically from four iterative phases: risk identification, risk estimation, risk response
planning and execution, often managing the risk management process is included. Construction project planning is
an essential element in the management and execution of construction projects which involves the definition of
work tasks and their interactions as well as the assessment of required resource sand expected activity durations.
The study, therefore, examined the awareness of professionals in construction industry of the various types of
planning techniques and tools used on construction sites, Questionnaires were administered on selected building
professionals (Project Managers, Engineers, Architects), and Contractors and Sub-contractors directly involved
in construction work on sites in planning and the use of planning tools and techniques as major tools for successful
project execution
RISK LEVEL ASSESSMENT ON ROAD CONSTRUCTION’S CONTRACTORS USING CULTURAL – PRO...IAEME Publication
This study aimed to analyze the characteristics of potential risk and the risk levels to the contractors in a road construction project and its impact on service providers (contractors), and to make a risk assessment model with multi-criteria to the contractors in road construction projects. Objective contractors road construction is not optimal due to non-performance risk management in the project with the right. This study is done in the form of a survey by capturing the opinions or perceptions, experiences and attitudes of respondents implementing on road construction. Parameters indicating the risk of road construction projects were model and tested using the methodology of Expert Choice to describe, quantify and demonstrate the risk level, allocation, and response in road construction projects with different risk variables. Results of the study firstly identified 281 risks for the road construction including 57 non-technical, 39 technical, 36 financial, 76 cultural, 38 work health and safety management aspect and 35 environmental aspects.
IRJET- Risk Management using Primavera Software for Residential SectorIRJET Journal
This document discusses risk management in the residential construction sector using Primavera software. It first defines risk management and its importance in construction projects. It then reviews literature on risk identification and assessment methods. A case study of a residential building project in Pune, India is presented where risks are identified through a survey, categorized as high, medium, or low probability and impact, and recommendations are provided to manage high risk areas like time, people, market and cost. The study aims to develop a better understanding of key risks in the construction industry and show how forecasted risk assessment results can help reduce project risks.
Risk project management - Notes for the CAMP examMaria Kirk
This document provides an overview of project risk management processes based on the PMBOK 6th edition. It discusses the seven processes in project risk management, including plan risk management, identify risks, perform qualitative analysis, perform quantitative analysis, plan risk responses, implement risk responses, and monitor risks. It also describes key inputs, tools and techniques, and outputs for each process. The document emphasizes quantitative risk analysis methods like simulation and decision trees for assessing overall project risk. It provides examples of how to calculate expected monetary value and adjust risk based on the dynamic project environment.
Risks have a significant impact on a construction
project’s performance in terms of cost, time and quality. As
the size and complexity of the projects have increased, an
ability to manage risks throughout the construction process
has become a central element preventing unwanted
consequences. How risks are shared between the project
actors is to a large extent governed by the procurement
option and the content of the related contract documents.
Therefore, selecting an appropriate project procurement
option is a key issue for project actors.
The overall aim of this research is to increase the
understanding of risk management in the different
procurement options: design-bid-build contracts, designbuild contracts and collaborative form of partnering. Deeper
understanding is expected to contribute to a more effective
risk management and, therefore, a better project output and
better value for both clients and contractors. The study
involves nine construction projects recently performed in
Sweden and comprises a questionnaire survey and a series of
interviews with clients, contractors and consultants involved
in these construction projects.
The findings of this work show a lack of an iterative
approach to risk management, which is a weakness in current
procurement practices. This aspect must be addressed if the
risk management process is to serve projects and, thus, their
clients. The absence of systematic risk management is
especially noted in the programme phase, where it arguably
has the greatest potential impact. The production phase is
where most interest and activity are to be found. As a matter
of practice, the communication of risks between the actors
simply does not work to the extent that it must if projects are
to be delivered with certainty, irrespective of the form of
procurement.
A clear connection between the procurement option
and risk management in construction projects has been
found. Traditional design-bid-build contracts do not create
opportunities for open discussion of project risks and joint
risk management. A number of drivers of and obstacles to
effective risk management have been explored in the study.
Every actor’s involvement in dialogue, effective
communication and information exchange, open attitudes
and trustful relationship are the factors that support open
discussion of project risks and, therefore, contribute to
successful risk management.
Based on the findings, a number of recommendations
facilitating more effective risk management have been
developed for the industry practitioners.
The document discusses project risk management. It defines risk management as identifying, assigning, and responding to risk throughout a project's life to help meet objectives. It describes risks as potential problems that could impede success and notes risk management can improve success by selecting good projects and developing realistic estimates. It outlines the major processes of project risk management as risk identification, quantification, response development, and control.
This document discusses various types of risks in project management. It identifies different categories of risk like stakeholder risk, regulatory risk, external risk, execution risk, scope risk, scheduling risk, resource risk, and technology risk. It also describes risk management and techniques to incorporate risk factors in projects, including using a risk adjusted discount rate, certainty equivalent coefficient, sensitivity analysis, probability assignment, standard deviation, coefficient of variation, and decision tree analysis.
Proactive vs. Reactive Approaches to Software Security StrategyLindsey Landolfi
This document discusses proactive and reactive approaches to software security strategy. A proactive strategy involves pre-emptive actions like vulnerability assessments, risk analysis, implementing security controls, and developing continuity plans. A reactive strategy involves responsive actions after an attack like conducting damage assessments, implementing continuity plans, determining the attack source, and repairing damages. Both proactive and reactive strategies work together using a combination of activities to develop comprehensive security policies and mitigate risks throughout the software development lifecycle.
IRJET- A Review Paper on Risk Management using Primavera for Residential ...IRJET Journal
This document provides a literature review on risk management in the residential construction sector using Primavera software. It discusses how risk management is important to reduce costs and failures in construction projects. The review covers various definitions and methods of risk identification, assessment, and mitigation. It also identifies gaps such as risks often not being taken seriously in projects and discusses how a software like Primavera could help identify, analyze, and reduce risks to better manage projects and budgets. The objectives of the paper are to study risk management in residential construction, identify risks, analyze risks using Primavera, and provide mitigation recommendations.
A risk is defined as “an uncertain event or condition that, if it occurs, has a positive and negative effect on a project’s objectives.” Risk is inherent with any project, and project managers should assess risk continually and develop plan to address them. The risk management plan contains an analysis of likely risks with both high and low impact, as well as mitigation strategies to help the project avoid being derailed should common problems arise. Risk management plans should be periodically reviewed by the project team in order to avoid having the analysis become stale and not reflective of actual potential project risks. Most critical, risk management plans include a risk strategy.
This module on Managing Risk discusses different type of risk that needs to be taken into account by the management while implementing a project. The other topics converged in this module include probability-impact matrix, Risk Quantification; Mitigating/Transferring risk; Risk audits/Review; Sample Risk plan and how to initiate Risk Management Planning.
Risk Management In Software Product DevelopmentAmandeep Midha
The document discusses risk management in software product development. It presents the results of a study with three key findings:
1. 91% of respondents felt that scope and schedule-related risks must be considered.
2. 73% said dependent delivery of product components is a risk that requires consideration.
3. H0, that identifying and managing risks cannot avoid project failures, was disproved as over 90% of respondents felt identifying risks is important.
The document defines key risk management terminology such as risk register, risk, risk management, risk appetite, risk owner, risk matrix, and risk vulnerability. It also outlines the risk management process recommended by PRINCE2 and lists common risk categories and responses to risks. Finally, it provides guidance on developing an ICT risk register, including understanding objectives, identifying risks, documenting the risk register, and getting approval.
Critical role of_risk_assessment_in_international_projects_enVyacheslav Guzovsky
Risk is usually applied to negative events, things that might go wrong. Hopefully there are things that we can do, systems that we can put into place that will prevent bad things from happening, or at least if bad things happen, will minimize the likelihood of it being a total catastrophe. Some of these things are obvious, some of them are not so obvious and might sound like common sense, but there is a lot of science to back this up. This science is called risk management. It is a whole profession and may take you a few years to get there. The good news is it is a gradual process, and all we need to know is that it can be a handy tool for our trade and achievable by changing our working habits.
This document provides an overview of project risk management. It introduces the topic and defines key terms. The document outlines a process for project risk management, including risk identification, quantification/assessment, response development, and response control. Various tools are presented for each step of the process. The goal is to help project managers understand and implement risk management in their projects.
This document discusses risk analysis and management for projects. It defines risk as a potential problem that may or may not occur, and outlines why identifying and planning for risks is important for project success. The document then covers various aspects of risk analysis and management, including risk strategies, categories, identification, assessment, refinement, and developing plans to mitigate, monitor, and manage risks. The overall aim is to help project teams understand risks and put processes in place to avoid or minimize risks that could negatively impact a project.
This document provides guidance on conducting risk analysis according to ICH Q9. It defines key terms like risk, hazard, and risk analysis. The document outlines a 4 step process for risk analysis: 1) risk assessment involving identification, analysis, and evaluation of risks, 2) risk control through mitigation and reduction, 3) risk communication, and 4) risk monitoring and review. It also discusses tools like FMEA, HACCP, and DOE that can be used and how to calculate the risk priority number. Finally, it discusses how to integrate risk analysis into various quality management activities.
IRJET- Risk Management in Residential Project by Primavera SoftwareIRJET Journal
The document discusses risk management in residential construction projects, noting that identifying, assessing, and mitigating risks is important for project success. It reviews literature on risk management techniques like checklists and brainstorming. The document also states that residential projects often experience cost and schedule overruns due to risks, and developing a risk analysis model using software like Primavera could help quantify uncertainties and risks to improve project outcomes.
Risk Management Methodologies in Construction IndustriesIRJET Journal
This document discusses risk management methodologies in the construction industry. It begins with an abstract noting that modern construction projects are complex, increasing unpredictability, and that risk management is not always consistently implemented. The document then provides an overview of the key steps in risk management processes: risk identification, analysis, evaluation, and treatment strategies. It explains the identification process involves creating checklists of potential risks, determining consequences, mapping risks, and categorizing risks. The analysis process is described as collecting data, quantifying uncertainties, and evaluating potential impacts. The document stresses the importance of risk management for construction companies and projects.
Episode 25 : Project Risk Management
Understand what risk is and the importance of good project risk management.
Discuss the elements involved in risk management planning and the contents of a risk management plan.
List common sources of risks in engineering and information technology projects.
Describe the risk identification process, tools, and techniques to help identify project risks, and the main output of risk identification, a risk register.
SAJJAD KHUDHUR ABBAS
Chemical Engineering , Al-Muthanna University, Iraq
Oil & Gas Safety and Health Professional – OSHACADEMY
Trainer of Trainers (TOT) - Canadian Center of Human
Development
Risk management Phase 1-5 Individual Project
Table of Contents
Introduction 3
Project Outline 3
Project risk identification 4
Project risk assessment 6
Project Risks, Responses Strategy 7
Project Risks Monitoring & Control Plan 10
Project Risks WBS & Budget Updates 11
Project Risks, Communications Plan 11
References 12
Introduction
The project that is planned by the company is to divest and move into a global perspective. Let’s ay for instance a possible expansion in the expansion of an oil refinery plant, such as a sulphur plant, my project will be to research Savage Gulf Sulphur Services. The project is supposed to ensure that the company will generate more revenue, and then it shall move into a global perspective. With the project, the company shall also increase its production due to large demand generated by the new market in the globe. Every project is faced with a certain degree of risk in the activities that it takes in an organization. It is important for organizations should carry out risk assessment procedures that are inclined in ensuring that an effective strategy shall be formulated to eliminate risk. This paper will discuss the risk management strategy and the processes that are taken in the management of risk in an organizational structure.
Project Outline
The project is it intended to increase the organized capacity and move into the global market structure. This will involve the purchase of new factors of production such as land, investors and business owners invest large amounts of capital to such investments. The project will also
Risk management justification
Risk management is identified and can be described as an assesment that has all these prioritization of risks, the management of risk could involve precise coordination and ecomonical application strategies with ereasons to minimize, control and monitor the probability and impact of unfortunate events. Risk management also helps in maximization and the act of realization of opportunities. In an organizational structure, risk management has a variety of functions which makes it an important department in an organization, based on the many roles that the risk management. This is the implementation of a strong and effective risk management and controls within securities firm, a helps in promoting stability throughout the entire firm. Risk management controls are divided into two categories. The internal and external control categories help in providing useful and effective control systems. The internal controls help in protecting the firms against market, credit, operational and legal risks. Secondly, it helps in protecting the financial industry from all the systemic risks in the organization structure (Merna, 2008)
Risk management is useful in protecting the firm's customers from enormous and large non-market related losses such as misappropriation of resources, fraud and firm failure. Such failures can result in enormous risk in the organization. R ...
IRJET- Risk Management in Construction: A Literature ReviewIRJET Journal
This document reviews literature on risk management in the construction industry. It begins with an abstract stating that risk management is key for successful construction projects. The introduction defines project risk and risk management, noting risks significantly impact construction projects in terms of cost, time and quality. The literature review then summarizes 15 research papers on various aspects of risk identification, analysis, response and management in construction projects. Key findings include that risk management knowledge and formal techniques are still lacking, risks are often perceived based on experience rather than analysis, and integrating risk management across project stakeholders is important for success.
Risk Management Appraisal - A tool for successful Infrastructure projectIRJET Journal
This document discusses risk management for infrastructure projects. It identifies eight categories of risk for infrastructure projects: management risks, technical and construction risks, contractual and legal risks, resource and site-related risks, economic and finance risks, environmental risks, social and political risks, and safety and health risks. The key steps of risk management discussed are risk identification, risk analysis including likelihood and impact assessment, and risk mitigation techniques. Quantitative and qualitative methods are used for risk analysis. Managing risks is seen as essential for successfully achieving project goals of time, cost, quality and objectives.
Final Class Presentation on Determining Project Stakeholders & Risks.pptxGeorgeKabongah2
“A person or group of people who have a vested interest in the success of an organization or project and the environment in which the organization/ project operates”
IRJET- Review on Developing a Model of Risk Allocation and Risk Handling for ...IRJET Journal
This document reviews literature on developing a model for effective risk allocation and handling in construction projects. It identifies several key risks studied in previous research, including insufficient planning, currency price changes, and worker strikes. The literature review found that optimal risk allocation where the best positioned party manages risk can reduce overall project costs. However, previous studies did not assess the effectiveness of risk allocation methods. This paper aims to develop a model to allocate risks to stakeholders and propose mitigation strategies. A mixed methodology is used, including interviews, questionnaires, and qualitative data analysis. The model will help construction parties better allocate responsibilities to manage risks and control impacts on time and cost objectives.
Table of Contents
Introduction 3
Project Outline 3
Project risk identification 4
Project risk assessment 6
Project Risks, Responses Strategy 7
Project Risks Monitoring & Control Plan 10
Project Risks WBS & Budget Updates 11
Project Risks, Communications Plan 11
References 12
Introduction
The project that is planned by the company is to divest and move into a global perspective. Let’s ay for instance a possible expansion in the expansion of an oil refinery plant, such as a sulphur plant, my project will be to research Savage Gulf Sulphur Services. The project is supposed to ensure that the company will generate more revenue, and then it shall move into a global perspective. With the project, the company shall also increase its production due to large demand generated by the new market in the globe. Every project is faced with a certain degree of risk in the activities that it takes in an organization. It is important for organizations should carry out risk assessment procedures that are inclined in ensuring that an effective strategy shall be formulated to eliminate risk. This paper will discuss the risk management strategy and the processes that are taken in the management of risk in an organizational structure.
Project Outline
The project is it intended to increase the organized capacity and move into the global market structure. This will involve the purchase of new factors of production such as land, investors and business owners invest large amounts of capital to such investments. The project will also
Risk management justification
Risk management is identified and can be described as an assesment that has all these prioritization of risks, the management of risk could involve precise coordination and ecomonical application strategies with ereasons to minimize, control and monitor the probability and impact of unfortunate events. Risk management also helps in maximization and the act of realization of opportunities. In an organizational structure, risk management has a variety of functions which makes it an important department in an organization, based on the many roles that the risk management. This is the implementation of a strong and effective risk management and controls within securities firm, a helps in promoting stability throughout the entire firm. Risk management controls are divided into two categories. The internal and external control categories help in providing useful and effective control systems. The internal controls help in protecting the firms against market, credit, operational and legal risks. Secondly, it helps in protecting the financial industry from all the systemic risks in the organization structure (Merna, 2008)
Risk management is useful in protecting the firm's customers from enormous and large non-market related losses such as misappropriation of resources, fraud and firm failure. Such failures can result in enormous risk in the organization. Risk management also helps in the act or protecting the fi ...
RISK ASSESSMENT OF CONSTRUCTION BUILDING PROJECTSIRJET Journal
This document summarizes a research paper on risk assessment of construction building projects. It begins by introducing construction as a fast-growing industry with significant economic impact. It then discusses how large delays in construction projects can increase budgets. The objectives of the research are to analyze common risks in construction projects, classify risks, formulate risk mitigation plans, and provide recommendations to improve risk management. The methodology involves identifying risks through questionnaires, qualitatively analyzing risks to determine probability and impact, and developing risk management strategies.
RISK ASSESSMENT OF CONSTRUCTION BUILDING PROJECTSIRJET Journal
This document discusses risk assessment of construction building projects. It begins by introducing construction as a fast-growing industry with significant economic impact. It then outlines various risks that can occur in construction projects like delays, cost overruns, quality issues, etc. that need to be managed for project success. The objectives of the study are to analyze risks, classify them based on likelihood and impact, formulate risk mitigation plans, and provide recommendations. Various risks are identified through a questionnaire survey and analyzed qualitatively. Risks are then prioritized based on probability, impact and urgency of response. Finally, the document provides remedies like clear project definition, goals, requirements, involvement of client, and following project schedules to effectively manage risks.
Assessment of Risk in Construction Projects by Modified Fuzzy Analytic Hierar...IRJET Journal
This document presents a risk assessment methodology for construction projects using a modified fuzzy analytic hierarchy process (MFAHP). It begins by discussing risks in construction projects and various risk assessment techniques. It then introduces the classical analytic hierarchy process (AHP) and explains its limitations, particularly its inability to account for fuzziness in human judgment. The document proposes using a modified fuzzy analytic hierarchy process (MFAHP) to overcome these limitations. It then identifies key risk factors for construction projects by analyzing risk registers from various commercial projects. These risk factors are categorized into groups like design/approvals, communication, base building, materials, resources, safety, execution, and external factors. The objective is to assess these risk factors using MFAHP to provide
1Risk Reporting
Risk Reporting
Rique Giddens, Anne Saintilus, Katherine Entress, Maria McPhatter, Robert Martinez, Tonya Townsend, Twanna Perkins-Monroe
PM 584
Arnetra Arrington
5/02/16
Risk Reporting
Individual Research
In this paper, each member of Team A reports on a risk monitoring and a risk reporting practice and what lessons learned he or she can apply in their own projects. As a group, the team analyzes the theoretical application of these monitoring and reporting practices. They summarize the strengths and weaknesses of each practice. They conclude by selecting the top two risk monitoring and risk reporting practices.
Project One Risk Manager: Robert
Risk Register
For the Riordan Manufacturing relocation, a risk register would be the one of the best tools to use to help identify the risks that are going to be associated with the move. It is a great tool that can be used in the early stages of planning that will help identify the risks and let the PM know that there are risks that need to be managed. Developing the risk register will also help the project team and PM identifies who they need to communicate with when they are faced with risks. A risk register is a tool that will have all the risks that the team has come into, it will have the severity of the risks the methods to manage, and will update all parties involved about the risks of the project letting everyone involved know whether the risks have been dealt with.
Pros and Cons
One of the good things about using this tool is that you can gather all the risks and start to manage them at an earlier stage. A drawback of the register is that if it is not updated and use correctly it can slow down the team and PM. Project Two Risk Manager - Rique
Risk Register
The risk register and the RAP are both great practices and tools that will help any organization with their project. The Risk Register collects all of the risks and ranks them so that the high priority risks get the attention they need. The register is updated as the project goes on.
RAP
The RAP is a great tool to help the PM report updates to senior leaders and stakeholders. Both of these play a part in other areas like monitoring and controlling risks, and the RAPs helping communication stay in line. Risk monitoring and reporting are essential because it keeps everything in front of the team and doesn't allow risks to creep up. Without the monitoring risks could creep around and cause delays and cost overruns to the project.
Lessons Learned
There are always lessons that can be taken from past projects and keep track of changes and issues can help make sure they don't occur again.
Project Three Risk Manager – Twanna
Risk monitoring - Project Risk Response Audits
The auditors of the risks will take an examination and then document how effectiveness of the risk response. This will be with respect to avoiding, the transfer or the mitigation of the occurrence of the risk (Heldman, Baca, & Jansen, 2007). ...
The document discusses project risk management from the perspective of a development institution. It provides definitions of risk, project, and project management. Project risk management involves planning, organizing, securing, and managing resources to control the effects of uncertainties on a project's objectives. The document outlines the roots of uncertainty in a project, types of risks, and the risk management process. It emphasizes that risk management should be integrated into an organization's culture and involve identifying, assessing, and prioritizing risks.
International Journal of Engineering and Science Invention (IJESI)inventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
The document discusses various aspects of project risk management for information technology projects. It covers planning risk management, identifying risks, performing qualitative and quantitative risk analysis, planning risk responses, and controlling risks. Specific techniques discussed include using probability/impact matrices to prioritize risks, top ten risk item tracking to monitor key risks, decision trees to evaluate risk events, and Monte Carlo simulation to statistically model risk outcomes. The overall goal is to systematically manage risks throughout the project life cycle to help improve chances of project success.
5 Project Risk Identification Tools I Use & How You Can Use Them TooSHAZEBALIKHAN1
Risk is an inherent property of a project. Risk identification is the first step in risk management. The article details the 5 risk identification tools that have helped me in my projects. The explanation shall enable you to use the risk identification techniques for your projects.
UCISA Toolkit - Effective Risk Management for Business Change and IT Projects Mark Ritchie
Risk Management is one of the most important tools available to the Project Manager to help successfully deliver complex projects. Yet, at the same time, Risk Management can be difficult to understand and, if used without insight and expertise, costly and ineffective.
This guidance has been developed to assist staff who are managing or participating in IT and business change projects. It has been developed by the UCISA Project and Change Management Group and is based on best practice guidance provided by PRINCE2 and experience of delivering major IT and business change projects at the University of Sheffield, University of Edinburgh, Lancaster University and Edinburgh Napier University.
The guidance is relevant for projects being managed and delivered using any methodology and is complementary to the UCISA Major Project Governance Assessment Toolkit.
This toolkit was published by the UCISA Project and Change Management Group in December 2015.
IRJET-Qualitative Risk Analysis for Construction ProjectsIRJET Journal
This document discusses qualitative risk analysis for construction projects. It begins by providing background on risk management in construction and the significance of risk analysis. The objectives of the study are identified as identifying risks in construction projects and categorizing them based on probability, impact, urgency and priority to determine high risks. A literature review is presented on past research identifying construction risks.
The methodology involves distributing questionnaires to collect data on types of risks from various stakeholders. Qualitative risk analysis is then used to analyze the data through probability-impact, impact-urgency, probability-urgency and priority-urgency matrices. High, medium and low risks are identified based on the matrices. The results of the questionnaire survey are presented and it is found that
Similar to Software Project Risk Management Practice in Oman (20)
ACEP Magazine edition 4th launched on 05.06.2024Rahul
This document provides information about the third edition of the magazine "Sthapatya" published by the Association of Civil Engineers (Practicing) Aurangabad. It includes messages from current and past presidents of ACEP, memories and photos from past ACEP events, information on life time achievement awards given by ACEP, and a technical article on concrete maintenance, repairs and strengthening. The document highlights activities of ACEP and provides a technical educational article for members.
Using recycled concrete aggregates (RCA) for pavements is crucial to achieving sustainability. Implementing RCA for new pavement can minimize carbon footprint, conserve natural resources, reduce harmful emissions, and lower life cycle costs. Compared to natural aggregate (NA), RCA pavement has fewer comprehensive studies and sustainability assessments.
Harnessing WebAssembly for Real-time Stateless Streaming PipelinesChristina Lin
Traditionally, dealing with real-time data pipelines has involved significant overhead, even for straightforward tasks like data transformation or masking. However, in this talk, we’ll venture into the dynamic realm of WebAssembly (WASM) and discover how it can revolutionize the creation of stateless streaming pipelines within a Kafka (Redpanda) broker. These pipelines are adept at managing low-latency, high-data-volume scenarios.
A SYSTEMATIC RISK ASSESSMENT APPROACH FOR SECURING THE SMART IRRIGATION SYSTEMSIJNSA Journal
The smart irrigation system represents an innovative approach to optimize water usage in agricultural and landscaping practices. The integration of cutting-edge technologies, including sensors, actuators, and data analysis, empowers this system to provide accurate monitoring and control of irrigation processes by leveraging real-time environmental conditions. The main objective of a smart irrigation system is to optimize water efficiency, minimize expenses, and foster the adoption of sustainable water management methods. This paper conducts a systematic risk assessment by exploring the key components/assets and their functionalities in the smart irrigation system. The crucial role of sensors in gathering data on soil moisture, weather patterns, and plant well-being is emphasized in this system. These sensors enable intelligent decision-making in irrigation scheduling and water distribution, leading to enhanced water efficiency and sustainable water management practices. Actuators enable automated control of irrigation devices, ensuring precise and targeted water delivery to plants. Additionally, the paper addresses the potential threat and vulnerabilities associated with smart irrigation systems. It discusses limitations of the system, such as power constraints and computational capabilities, and calculates the potential security risks. The paper suggests possible risk treatment methods for effective secure system operation. In conclusion, the paper emphasizes the significant benefits of implementing smart irrigation systems, including improved water conservation, increased crop yield, and reduced environmental impact. Additionally, based on the security analysis conducted, the paper recommends the implementation of countermeasures and security approaches to address vulnerabilities and ensure the integrity and reliability of the system. By incorporating these measures, smart irrigation technology can revolutionize water management practices in agriculture, promoting sustainability, resource efficiency, and safeguarding against potential security threats.
6th International Conference on Machine Learning & Applications (CMLA 2024)ClaraZara1
6th International Conference on Machine Learning & Applications (CMLA 2024) will provide an excellent international forum for sharing knowledge and results in theory, methodology and applications of on Machine Learning & Applications.
2. International Journal of Electrical, Electronics and Computers, 5(6)
Nov-Dec, 2020 | Available: http://eecjournal.com/
ISSN: 2456-2319
https://dx.doi.org/10.22161/eec.563 33
response like reduce, manage, transfer, or accepted but
cannot be condoned [3].From the project's perspective,
risks are the actions, events, situations, or conditions that
happen suddenly without previous planning. Their
constructive or damaging impact, if they occur, affects one
or all of the project objectives such as work range,
timeline, budget, and excellence. Risks could be caused by
one or more reasons, and they could have an effect or
more. The reason could be a demand, constraint,
presumption, or even a situation that activates the potential
of passive or favourable results [4].Such as, the necessity
to have an ecological license to start the job is one of the
most prominent project risk cases along with having an
insufficient workforce for a large project.To obtain the
desired permission, it could take a long time even more
than the project schedule. Such reasons lead to direct
impacts on the work range, expenses, timeline, value of the
project, or execution. Danger conditions may involve
organizational resistances, like immature practices of the
project steering committee, poor project management
systems, competing projects, or outside resources that are
out of control [4] [5]. The core issue is the uncertainty that
existing in all of the projects. The known risks can be
identified and analyzed, which make easy planning for
these types of risks. It is of utmost importance to have
emergency reserve for all uncommon dangers that are
lacking in risk management due to inability to control
them proactively [4].Organizations consider the risks as
the uncertainty effect on the organization's projects and
objectives. It is always the will of the hosting organization
and the interested parties to experience some levels of
risks based on the perspective they have on. There are
three main factors that affect the risk attitudes of the
stakeholders and the organization [4]:
• Risk appetite: the degree of uncertainty in
which it can be accepted as a reason for
expecting acompensation.
• Risk tolerance: refers to the level, volume,
or the much of danger which the institution
is going on.
• Risk threshold: Is the level of risk effects in
which the stakeholders will have interests.
Below this limit, the corporation will not
consent to the risk and the opposite.
To assure the project success, the organization should
adhere to addressing the project risk management
proactively and throughout the project lifecycle. Moving
forward without concentrating proactively on controlling
danger will absolutely lead to more issues that arise from
unmanaged menaces [4] [5].
Figure1 provides a summary of the six Project Risk
Management processes. The next subsections demonstrate
the six stages of risk management briefly.
Fig.1: Project Risk Management Processes.
1.1 Plan Risk Management
It is defined as the realizing procedure of the way to apply
the activities of risk management for the project. The
principal advantage of it is to guarantee the suitability of
risk management level, kind and visibility along with the
project's importance and risks to the organization. To
ensure that risk management operation will be supported
3. International Journal of Electrical, Electronics and Computers, 5(6)
Nov-Dec, 2020 | Available: http://eecjournal.com/
ISSN: 2456-2319
https://dx.doi.org/10.22161/eec.563 34
and implemented effectively along the project lifecycle, it
is crucial to communicate with all stakeholders and obtain
their comments and approval [4].
Figure 2 shows the inputs, materials, and outcomes.
Fig.2. Plan Risk Management[4].
1.2 Identify Risks
In this process, the risks which could impact the project
are determined and document their specifications. The
main advantage of this stage is to notarize the current
dangers and the scholarships and capability which it offers
for the group to expect the events.
The main participants of risk identification are project
manager, team, customers, subject experts, end-users,
stakeholders, and risk management experts. The process of
identifying risks should also include other employees [4].
Fig.3: Identify Risks[4].
1.3 Perform Qualitative Risk Analysis
It is the process of identifying the risk priorities for more
analysis through evaluating and combine their potential
apparition and effect. The key purpose of this stage is to
qualify the responsible risk owner to minimize the
uncertainty scale and concentrate on high priority risks[4].
4. International Journal of Electrical, Electronics and Computers, 5(6)
Nov-Dec, 2020 | Available: http://eecjournal.com/
ISSN: 2456-2319
https://dx.doi.org/10.22161/eec.563 35
Fig.4: Perform Qualitative Risk Analysis [4].
1.4 Perform Quantitative Risk Analysis
It is the technique of performing numeric risk analysis for
those which impacts which affect the all-inclusive goals of
the project. The process main output is numeric risk
information that supports the decision making thus reduce
uncertainty in the project [4].
Fig.5: Perform Quantitative Risk Analysis [4].
This analysis is conducted for the risks that their priorities
had been identified as high and highly expected to affect
the project's competing needs. It is often used to evaluate
the total impact of all project risks [4].
This kind of analysis come after the Qualitative one. in
some cases, this type of analysis is not serious due to the
lack of available information, thus the project manager
should involve experts' judgment to determine the need for
this analysis and its viability. The Quantitative Risk
Analysis should be repeated, as needed, to evaluate and
monitor if the total risks decreased satisfactorily. The
indications will help to decide whether to increase or
decrease the focus on suitable risk management activities
[4].
1.5 Plan Risk Responses
It is the operation of promoting risks' choices and
procedures to maximize the chances and minimize the
impedances. The main gain is handling the risks based on
their priorities and input the resources and tasks in the
financial plan, timeline, and project control scheme as
required [4].
5. International Journal of Electrical, Electronics and Computers, 5(6)
Nov-Dec, 2020 | Available: http://eecjournal.com/
ISSN: 2456-2319
https://dx.doi.org/10.22161/eec.563 36
Fig.6: Plan Risk Responses [4].
Once deciding to use this process, should have the
Quantitative Risk Analysis. Each risk response requires
understanding the right mechanism to address them. This
mechanism is used to evaluate whether the risk response
plan will have the required effect. it includes identifying
and assigning one person (risk response owner) to carry
the responsibility of each agreed-upon and funded
response for risks. The risk responses should be
appropriate depending on risk importance, cost-effective to
overcome the challenge, reasonable in reality, agreed by
all stakeholders, and owned by the in charge of individual
[4].
This process provides the popular techniques used for
planning the risk responses.
1.6 Control Risks
The Control Risks process means performing the danger
reaction plans, following-up the determined dangers,
observing the rest dangers, defining the abrupt risks, and
assessing the productiveness of risks processes
management. The main gain of this stage is to improve the
competence of the risk tactic during the project lifecycle to
constantly enhance the risk restraint [4].
Fig.7: Control Risks [4].
During the project workflow, the outlined danger
responses registered in the danger log are conducted, but
there must be constant observation on the process of the
project to address abrupt, altered, and outdated dangers.In
this process, the performance information which had been
collected throughout the project phases are utilized to
conduct variance and trend analysis.
In this process, the performance information which had
been collected throughout the project phases are utilized to
conduct variance and trend analysis.The Managing
Dangers process objectives are as follow, but not limited to
[4]:
Specify if
6. International Journal of Electrical, Electronics and Computers, 5(6)
Nov-Dec, 2020 | Available: http://eecjournal.com/
ISSN: 2456-2319
https://dx.doi.org/10.22161/eec.563 37
• The goodness of the project assumptions are still
going on.
• The analysis displays that the estimated risks have
changed or stopped.
• The risk procedures and approaches are followed.
• The contingency reserve of expense or timeline
should be amended based on the present danger
evaluation.
Managing dangers may include update the assets in the
organization, such as the learned lessons and risk
management templates, for future projects use [4].
The most important current life projects are software
development projects. A software development project is a
complex venture conducted by two or more technical
members depending on the resources and schedule. Its
outcome is new or developed computer code that plays a
significant value in the hosting business organization by
speeding or simplifying the existing business processes.
The following sections will shed the light on this area of
knowledge.
II. MAJOR RISKS IN SOFTWARE
DEVELOPMENT PROJECTS
Software development projects' risks pose a great
predicament for project managers. Defining the techniques
of mitigating particular risks may support to define the
techniques to be applied during the development. Based on
a survey study conducted by Jiang & Klein, to Project
Management Institute (PMI®) members to identify the
major risks that impede the software development projects
success, the results identified the following risks [6].
• Project complexity:
Software projects are complex and their results
often uncertain. This had been confirmed
throughout many previous studies in different
software projects. The profile of the history of
software projects confirms that software
projects as complex undertakings. There are
different measurement techniques to measure
the characteristics of software projects like size
and complexity. Performance, stability,
compliance, capability, and improvement are
the measurement techniques of the five
processes of the project respectively. But they
are not applicable and not enough to be
implemented for the total project measurement
based on the rule "in complex systems the
whole is more than the sum of parts". Thus,
complexity could not be measured unless
holistically [7].
The most issue is that the term "complex" is
understood in various ways based on context
and personal experience. Definitely there is no
formal definition for what project complexity
really is.Complexity is defined in the dictionary
as something difficult to understand but consists
of a group of connected and related elements
[7].
Project size is a very important feature that
could captivate project complexity. Size is one
of the program characteristics, in most cases
related to the required effort, team productivity,
the quality needed, etc.The perfect used
approaches for software sizing are accounting
the codes lines (LOC), analyse the function
point (FPA), use case points (UCP), etc [7].
Baccarini in his study defined two faces for
project complication namely the organizational
and the technical one [8].The first one means
the degree of discrimination that present in the
internal elements which make up the
organization. One of its important features is the
competence or not of the organizational
elements to interact [7].
While technical complexity means the degree of
differentiation of task in which it has variety in
some sides, and the connectivity between tasks
inside the grid, between teams, etc [8].
Geraldi and Williams have pointed out in their
study the three dimensions of software project
complexity namely, faith complexity "CoFaith",
fact complexity "CoFact", and Interaction
complexity "CoInteraction" [7]. CoFaith is the
same as uncertainty because the projects aim to
create something adorable or solve hot issues.
Generally, at the start of each project, there will
be uncertainty on many sides like resources,
required effort and etc. The CoFaith reduces
during the project progress, thus shifted to fact
complexity. Although there is a quantitative
way to measure the CoFaith, it is considered as
not objective as based on personal views.
CoFact is similar to structure complexity. The
key issue in measuring CoFact is its
connectivity with many interrelated information.
CoInteraction is the connection between
interfaces in the applications, systems, and
websites [7].
7. International Journal of Electrical, Electronics and Computers, 5(6)
Nov-Dec, 2020 | Available: http://eecjournal.com/
ISSN: 2456-2319
https://dx.doi.org/10.22161/eec.563 38
• Technology acquisition :
The extremely rapid technological change is a
core challenge for project success and hence
leads to business death if not be aligned with.
The current technological exploding era is mind-
boggling and can cause firms failure. It creates
alternative products, new businesses, new
abilities, and improved hacking techniques that
do not exist before. As a result, economic
changes are born in alignment with technological
changes. These cause sudden major risks,
especially in software development. Project
stakeholders should be always technologically
updated to avoid or even mitigate risks when
happen. Today, change is fast and software
companies compete in chaotic air [9].
External environment alteration leads to internal
organizational changes, and as much the former
fast the internal be more urgent. In the past two
decades, technical people focus to apply many
techniques to accelerate the required internal
changes. It includes speed the marketing time,
reengineering the business processes, software
development, supply chain management, quality
management, and empowerment methods. Yet
nothing is sufficient [10].
Furthermore, instead of implementing smooth
internal change, technological paranoia, and
urgent change needs have led to cross-
organizational internal competitions. This
turbulent environment requires a very flexible
process that guides the turbulence and combines
the competition needs across the organizations in
alignment with the strategic trends and priorities
of the organization [10].
• Insufficient resources:
Once you notice that the project resources cannot
cover what had been planned in the project,
identify the context. Resources are things utilized
to implement the project like staff, equipment,
and materials. The reasons for insufficient
resources can be [11]:
o New technology: The organization
might work in a program that more
advanced than its ability to support, or
the team does not have the required
skills to use it duly.
o Higher Priority Projects:The existence
of a high priority project which exists at
the same time as your project and
causing the pull from your resources to
work on that one.
o Unforeseen Events:It could be human
resource sickness which causes a
reduction in the resources and delay of
the project than what was planned.
o Poor Planning:if there is no
comprehensive planning before
executing the project or a poor one,
major risks could occur and disasters.
To manager project resources two steps are done
[11]:
o Identify the case and its effect: Once
identifying the causes of resource lack,
the second part is to define the impacts.
without this knowledge, the issue
impossible to be solved.
o Utilizing the Control Board to change:
First, transferring the situation and
impact to cost, time, scope, and quality.
Next, providing different solutions for
the board to get their recommendations.
After their approval, apply the solution
and during implementation could be
modified if needed.
• Lack of team expertise:
It refers to a lack of team experience towards the
project knowledge areas which absolutely
increases the percentage of uncertainty in the
project. For example, loss of development
experience in the team (LDE), lack of experience
related to the desired application in the team,
lack of knowledge regarding the assigned tasks,
and lack in general experience. All these will
result in producing a product or service which
does not meet the wished quality [12].
• Lack of user support:
User involvement plays a vital role in software
development projects.It is considered one of the
success factors of project success for many
reasons such as [13]:
o Firstly, in software development
projects the developers, especially at the
initial study which called a feasibility
study need to understand the current
system and its existing issues to be able
to gain a deep understanding of the
8. International Journal of Electrical, Electronics and Computers, 5(6)
Nov-Dec, 2020 | Available: http://eecjournal.com/
ISSN: 2456-2319
https://dx.doi.org/10.22161/eec.563 39
system environment, thus gain a clear
vision about the technical requirements.
The best way is communication with
end-users of the present system.
o Secondly, user support could help the
developers to utilize much fast and easy
development methodologies. Further,
user involvement could lead to easier
techniques to design system functions
and validate them.
o Thirdly and finally, the user's support
and involvement may provide more
trusted ways to arrange the features in
lists and dialog boxes based on the
information offered by the users. In past
software development methodologies,
rarely the developers take users working
habits into consideration, thus usually
users find it difficult to use the new
system although the developers confirm
its user friendly. User involvement
leads to having consensus from the
users about the new system and the
developers then will gain users'
satisfaction.
• Lack of user experience:
Recently, the wide scope of quality assurance in
programming leads to the born of a new term
called user experience (UX). User experience
(UX) is considered one of the success factors of
software development projects' success. Many
programming firms face challenges with UX.
Although the various definitions of UX all of
them are the same in concept. It is the user's
comprehensive vision and draws of functionality
and quality features of a specific program.
Generally, academic and industrial literature
differ in their UX perspectives, the former focus
on the emotional aspects while the other
concentrates on the functionality and usability
issues [14].
Nevertheless, often the UX is neglected and still
not mature in software development projects. In
order to improve the right product, it must be
understood the challenges the users face in their
daily works. To realize this, firstly must analyse
the relations between UX, usability, and another
program quality correctly. Thus, the lack of user
experience is a risk in software development as
they will not be able to discuss their challenges
and requirements [14].
• Lack of clear role definition:
Lack of clear roles definition may cause negative
impacts on the full firm, particularly at the
aspects related to projects. Each project should
have a clear list of team members roles like [15]:
o What to do is clear for everyone:All
responsibilities must be well assigned,
and clear, every member knows how to
attitude, what to achieve, and how to
realize the team's objectives.
o Everything gets done: When it is a
limited time, small parts of the project
could be overlooked especially if no
specific one assigned for these tasks.
Unlike the projects with well-assigned
roles, all tasks will be done even at
critical cases.
o All team members work better together
when understanding their roles: Less
competition for the position, and perfect
teamwork.
o Less energy consumption: In general,
when there is a lack of visibility people
will waste their energy in unimportant
things, negotiate in aspects that do not
matter, fail to focus on the crucial areas,
and miss out on the chances. Clear roles
definition and assign lead to reserve
more amount of energy for other
purposes.
• Intensity of conflicts.
Conflicts happen in our daily life. They could be
simple or huge life-threatening. Project managers
always face acute disputes that may relate to
team building, social variations, preferences, or
individual problems that kill the achievement of
project objectives. The conflicts are defined in
Oxford dictionary as: " Fighting, quarrel,
struggle, disagreement, a difference of opinion"
and "a clash between hostile or opposing
elements or ideas" [16].
Almost all projects use a structural matrix to
execute the work, and automatically the conflicts
occur due to this structure. A disaster will occur
insomuch as the project manager ignores to
conduct a resumption session to let team
members know each other, especially in large
projects. In order to reduce the conflicts, the
project manager must motivate and develop his
9. International Journal of Electrical, Electronics and Computers, 5(6)
Nov-Dec, 2020 | Available: http://eecjournal.com/
ISSN: 2456-2319
https://dx.doi.org/10.22161/eec.563 40
team continuously to realize the desired project
objectives [16].
• Common product-related risks:
It includes the following:
o Gold-plating: This term refers to the
team is willing to add unrequired, and
unnecessary requirements to satisfy the
customer [13].
o Scope creeping: Often the users,
especially untechnical, will add more
requirements to the scope along the
project lifecycle which causes the
additional effort to developers and
confuse them most of the time as well
as delaying the project delivery [17].
III. THE RESEARCH HYPOTHESES
DEVELOPMENT
Risk management approach supports project managers
to monitor and avoid unmatched project results [18] and
gives a share in the project's success.Defeat in
managing the risks may could Coase intense
consequence on projects and may even result in a
complete project failure [19].However, despite the
significance and the constant interest of the academia in
risk management, literature demonstrate that the
implementation of a formal risk management practice is
still awkward and not firm [20][21][22].
Information technology projects are relatively vital and
core in Oman, but it is foreseeable that the case will be
the same or with little difference. Thence, the researcher
sets the posterior hypotheses:
H01:Oman's organizations practice risk management in
software projects.
H11:Oman's organizations do not practice risk
management in software projects.
H02:Oman's organizations apply formal risk
management frameworks in software projects.
H12:Oman's organizations do not apply formal risk
management frameworks in software projects.
Risk management frameworks contain the base steps to
be followed while disaster like identification of the risk,
analysis, reduction or response, monitoring and control
[26][27][28].Project managers if welling to apply risk
management they only implement one of these steps.
Someof them execute risk identification without
completing the next stages as analysis and response or
mitigation. perfect project managers adhere to
implement all the steps [29][30].A recent study done by
Bass in 2016 find proof of the effect of risk evaluation
on extensive software projects [31].The study
demonstrates that mitigation step is specified for every
known risk. The 3rd hypothesis is consequently put as:
H03:The risk management implementation covers all the
sex stages from identification until the monitoring, and
control.
H13:The risk management implementation does not cover
all the sex stages from identification until the monitoring,
and control.
The authors have a consensus that proper risk
management is one of the critical success factors of
projects.In their research, Zwikael and Ahn (2011) point
out that mild risk management designing can reduce the
influence of risks and achieve considerable outcomes in
project success [23].recognition and planning for known
risks that may occur in a project can frequently perfect
the opportunity for project prosperity [20][24].A study
done by Microsoft in 1997 shows that a plurality of
programming projects does not involve any risk
management practices and stuck in the negative results.
The study proposes that to invest on risk management
can have magnitude effect toward the project success.
The analyses present that even 5% of the budget if
reserved for risk management can maximize the chance
of completing project on time and within budget by
50% - 75% [25].Thence, the final hypothesis is
determined as:
H04:There is a positive relationship between the
implementation of risk management practice and the
success of software projects.
H14:There is no relationship between the implementation
of risk management practice and the success of software
projects.
IV. METHODOLOGY
4.1 Data Collection
A survey tool was used to gather data with purposive
sampling.The survey was designed in such conveniently
allow the participant to be able hidden their identity. To
encourage the participants to answer the questions
honestly, It was obviously mentioned that the personal
details will remain secret and hidden. The purposive
sampling allows the researcher to collect the responses
from right and knowledgeable participants.
Thus, the required information will be efficient more
than the one produced from only random sampling.
10. International Journal of Electrical, Electronics and Computers, 5(6)
Nov-Dec, 2020 | Available: http://eecjournal.com/
ISSN: 2456-2319
https://dx.doi.org/10.22161/eec.563 41
Therefore, the entrants were from the employees using
software systems.
Google Forms was used to design the online
questionnaire. Google Forms are suitable for the
targeted participants because those candidates are
belonged to organizations which strictly believe on
security. Consequently, Google forms was humbly
accepted by respondents as most of the agencies do not
block Google applications in their grid. All of the
questions included open ended, dichotomous or yes/no,
multiple choice and Likert scale question types. All
questions involve the answer of ‘Other’ space to give
the respondents more freedom with the chance to replay
with their own respond that may not appear in the list of
choices. The research instrument is included in the
Appendix.Among all targeted organizations, 55 project
managers have answered the survey.
4.2 Data Analysis
The data gathered from the survey through Google
Forms was released to Ms. Excel and then exported to
the statistical software SPSS. Excel program was user
friendly and helped the author to analyze the gathered
data and offering brief information via tables and charts.
SPSS has also supported the researcher through the
statistical calculations along with graphical interfaces.
The statistical tests were conducted to produce data
analyzation. The researcher calculated the percentage of
successful projects using the budget, project
specification and schedule questions. The mean score
was computed and used to analyze the risk dimensions
and resources which mostly influencing the projects.
The researcher tested the statistical significance of risk
management practice and risk occurrences using the T-
Test test of a single sample. Fisher’s exact test was
applied to test the relationship between the formal risk
management practice and project success.
4.3 Demographic Profile
Organization Type
My study involved fourteen point five per cent (8) of
participants who work in banks, the other 41.8% are
from non-profit organizations, the remaining are from
profit organizations and universities or collegeswith
23.6% and 20.1% respectively. 63.6% of respondents
are working in organizations which contain above 500
employees, while 21.8% of respondents showed that
their working place have between 100 and 500 workers.
The remaining 14.6% said that they are employed in
small agencies.
The type of the project
Most of the projects under this discussion (47.3%) were
of New software development. While 21.8% of the
projects were considered as off-the-shelf software
customizations. Upgrade of an existing program
accounted to 30.9%.
41.8% of the projects were developed by outsource
local vendors and the rest of 16.4% were outsourced to
universal vendors. The remaining 34.5% were
developed internally. And 7.3 of the projects were
developed by outsourced local and international
vendors.
Project Budget Allocation
Budget wise, 26 of the projects (47.3%) consumed more
than 1000 OR. Five projects (9.1%) wereless than 1000
OR. Eight participants were not sure about the budget
allocated to their projects, while sixteen (29.1)
respondent replayed no specific budget specified to his
project.
V. FINDINGS
5.1 The Practice of Risk Management
The practice of risk management is specified as the lowest
priority in project management. Unfortunately, many
agencies do not consider it in their software projects [32].
But our study found opposite results in Oman software
projects.
The T-test was done and the result showed the t Critical
one-tail value of 1.674, test statistic value t=-173.395, and
p-value of 3.791. Since the test out came with the value of
p> alpha value (0.05) and the test statistic value less than t
Critical one-tail value , it means the hypothesis H11 is to
be refuted, while H01 is raised to confirm that Oman's
organizations practice risk management in their software
projects (Question 13 was used to test these hypotheses).
60% of the organizations confirmed the use of risk
management practice, 56.3% of them implemented the
formal models. IEEE framework is the most used one
among these firms. 16.4% of the replies assured the use of
this model. 14.5% implemented Boehm’s risk management
framework. 14.5 of organizations conducted the Riskit
model.
test statistic value t=-76.943, and p-value of 3.54. Thus,
the H02 hypothesis is to be confirmed to say that the
formal practice of software project risk management is
applied in Oman.
The remaining 16.2% of participants reported that they
applied only one or more steps of risk management as their
customized model.
11. International Journal of Electrical, Electronics and Computers, 5(6)
Nov-Dec, 2020 | Available: http://eecjournal.com/
ISSN: 2456-2319
https://dx.doi.org/10.22161/eec.563 42
However, 61.2% of the organizations adhered to all steps
from identification through analysis, ending with the
proper response and continuous monitoring. The studies
also present that it is typical to ignore the application of
risk management, unsuccess to implement all risk
management steps is also popular [29].
Only 67.3% of participants carry out the risk identification.
The rest of 14.5% confirmed that they disregard the step of
the identification but keep monitoring the projects during
implementation in order to catch the occurrence of any
risk. 49 of respondents analyzed and prioritized the risks
after identification. 61.2% of repliers specified that they
considered the steps of reduction and reaction policy to
hold out the risks and their effects. Overall, 61.2% of
organizations conduct all risk management steps. The
outcome is greater than 50%, so the H03 could be raised
but could not confirm hypothesis number H13 thus it could
be said that all risk management steps are applied in
Oman's organizations.
There were also some participants who were not sure if
they apply risk management processes or not. In addition,
18.2% of the respondents were uncertain whether the risk
was identified in their projects or not.11.5%of the project
managers were not certain whether he prioritized the
identified risks or not.
5.2 Project Success
If the project completed on time, within the budget, and
met all requirements then it is to say that the project is
done successfully [33].
Studies suggest that the iron triangle criteria are the most
common items used for long time to evaluate the success
of a particular project [34].
However, meeting those criteria does not grantee the
success of the project [35][36]. Due to the time limitation,
this study considered only these three to categorize the
projects as successful or not based on the results. Thus, all
the projects which finished on time, within the budget, and
comply with all requirements were counted as successful
and in contrast, the rest of the projects were perceived as
failed.
Most of the projects under the study were perfect in
completion. 52.7 of them were completed as scheduled in
the preplanned and the remaining 12.7 showed delay in
their schedule.
Budget wise, 27.3% of the projects confirmed their
alignment with the planned budget. While 20% have
overridden their preplanned budget value.29.1% of
participants were not sure about the budget were spent for
their projects. Out of the total projects, 40% of them were
completed on time and within the budget.
25.5 of the projects complied with the initial
specifications. Consequently, 6of the projects under the
study are successful.
5.3 The Link between the implementation of Risk
Management and Success
Risk is considered as a principle that could effect in the
project success [37][38] and managing this risk is
considered as fateful approach to project success [39][40].
In this study, the relationship between project success and
practicing risk management as displayed in table 1
confirms that there is a positive relation between them.
This study assures that no one of the projects which ignore
the practice of risk management was successes, and 6 out
of 55 from the projects which applied risk management
practice success.
Fisher’s exact test was implemented to examine the
connection between risk management application and
project success.
The outcome of this test was a p value of 0.228, which is
greater than 0.05 thus it is not statistically significant.
Thus, it could not be inferred that project's success
influnced by the risk management. In addition, the
hypothesis number H14 could nor rejected.
12. International Journal of Electrical, Electronics and Computers, 5(6)
Nov-Dec, 2020 | Available: http://eecjournal.com/
ISSN: 2456-2319
https://dx.doi.org/10.22161/eec.563 43
Fig.8: Fisher’s test outcome.
VI. DISCUSSION
Although there is no doubt of the significancy of applying
risk management practice, a very low ration of
implementing its formal models was noticed. The same
perception was found in another study. In their research,
Wet and Visser (2013) outcome with a low average of
official risk management implementation in programming
projects [41].It could be because of set of reasons. The first
cause could be the lacking knowledge in formal risk
management frameworks amongst project managers in
developed countries. Secondly, the intricacy of these
frameworks could be a barrier from its implementation.
Thirdly, it could because the personal grasp of project
managers to the risk management. The same indicated in
our findings. Two of respondents reported that they
execute the mitigation or response plans without the risk
identification. However, they keep monitoring their project
and consider it as risk management practice throughout the
project stages. This is a signation of non-enough science
among project leaders in risk management. The literature
presents that limited knowledge in project management is
one of project success barriers [42][43].
In addition, it was demonstrated that most managers
implement risk identification, but not proceed to risk
analyzation or perform mitigation and response plan. A
similar condition was confirmed by Adeleye et al. (2004)
were 48.5% of responses assure the risk identification, but
only conducted the response and control plans [44]. A
similar condition is noticed in African study where 40%
out of 35 software projects comply with one or more
stages of IEEE framework[41].Further, many project
managers were uncertain if their working place implement
13. International Journal of Electrical, Electronics and Computers, 5(6)
Nov-Dec, 2020 | Available: http://eecjournal.com/
ISSN: 2456-2319
https://dx.doi.org/10.22161/eec.563 44
risk identification or not. This may also confirm the
indication of lack of knowledge in the scope of project
management. In contrast, this uncertainty may be due to
the deficiency in monitoring of the projects. All in all,
software projects need to have enhanced management.
This study shows high portion of failed projects which is
similar finding in many developed countries [45][46].
Literature proposes that the participation of risk
management allow the project stakeholders to hold the
risks on time and with suitable response, thus, maximizes
the chance of project success [47][48].
While our findings show non-significant relationship
between the success of the project and the implementation
of risk management practice. It is an enough indication of
the existence of other project success factors. However, it
is out the scope of our study, and future research could
explore the other factors lead to Oman's software projects
failure.
6.1 Limitations
This study conducted in Oman and although the researcher
tried to involve all organizations, but not all of them
included due to the limited time. Though all the included
participants practicing the management of software
projects, but the researcher could not relay on their
responses to generalize the same in other agencies in
Oman. Further study can be done to examine the risk
management practices in the business domains in Oman
that did not involve in this study.
VII. CONCLUSION
Risk management practice is a crucial item in software
project management. However, non-much research focus
on this area of knowledge, and from author's review, none
conducted in Omani context. This research seeks to give a
share in academia by filling this shortage.
A very low per cent of projects was adopted official risk
management. It could be as indicator to shed the light by
the Oman government on this space of science. However,
the project managers emphasized that they implement the
practice of risk management through monitor the projects
throughout their stages without the need to follow the
exact formal steps of risk identification, mitigate or
response to them.
Another important result in this study was the doubt of
project managers whether they perform or not the risk
management. This could be considered as lack of the skills
of managing the projects by project managers. The factors
affecting the effective management of software projects is
a hot topic for future studies in the Omani context.
The examination of the other factors which play significant
role in project success could be another chance for the
future research due to the finding of low relation between
project success and implementing risk management in this
study.
REFERENCES
[1] Iqbal S, Choudhry R M, Holschemacher K, Ali A and
Tamošaitienė J 2015 Risk management in construction
projects, Technol. Econ. Dev. Eco. 21 65-78.
[2] Crnković D and Vukomanović M 2016 Comparison of
trends in risk management theory and practices within the
construction industry, e-GFOS 7(13) 1-11.
[3] Taroun A 2014 Towards a better modelling and assessment
of construction risk: Insights from a literature review, Int. J.
.Proj. Manag. 32 101-15.
[4] Baccarini, D. (1996). The concept of project complexity—a
review. International journal of project management, 14(4),
201-204.
[5] Drawing a Decision Tree & Expected Monetary Values.
Retrieved from
https://www.youtube.com/watch?v=g2Sak1g3OwA.
[6] Jiang, J. J., & Klein, G. (2001). Software project risks and
development focus. Project Management Journal, 32(1), 4-
9.
[7] Fitsilis, P. (2009, March). Measuring the complexity of
software projects. In 2009 WRI World Congresson
Computer Science and Information Engineering (Vol. 7,
pp. 644-648). IEEE.
[8] Baccarini, D. (1996). The concept of project complexity—a
review. International journal of project management, 14(4),
201-204.
[9] Walker, L. W. (2013). Requirements—shmirements: let's
just do it! Paper presented at PMI® Global Congress
2013—North America, New Orleans, LA. Newtown
Square, PA: Project Management Institute.
[10] White, D. E. & Patton, J. R. (2002). Managing-by-projects:
closing the gap requires more. Paper presented at PMI®
Research Conference 2002: Frontiers of Project
Management Research and Applications, Seattle,
Washington. Newtown Square, PA: Project Management
Institute.
[11] Jennifer Bridges (2019). Overcoming a Lack of Project
Resources. Retrieved from
https://www.projectmanager.com/training/overcoming-
lack-project-resources.
[12] Wu, C. H., & Fang, K. (2007, October). The impact of
organizational learning on lack of team's ex8ertise risk in
information systems projects. In IEEE International
Conference on e-Business Engineering (ICEBE'07) (pp.
738-743). IEEE.
[13] Sun, Z. (2013, March). User involvement in system
development process. In Proceedings of the 2nd
International Conference on Computer Science and
Electronics Engineering. Atlantis Press.
14. International Journal of Electrical, Electronics and Computers, 5(6)
Nov-Dec, 2020 | Available: http://eecjournal.com/
ISSN: 2456-2319
https://dx.doi.org/10.22161/eec.563 45
[14] Kashfi, P., Nilsson, A., & Feldt, R. (2017). Integrating User
eXperience practices into software development processes:
implications of the UX characteristics. PeerJ Computer
Science, 3, e130.
[15] Kurt Blazek. (2016). The Importance of Defining Roles and
Responsibilities. Retrieved from
https://www.truscore.com/resources/the-importance-of-
defining-roles-and-responsibilities/.
[16] Guan, D. (2007). Conflicts in the project environment.
Paper presented at PMI® Global Congress 2007—Asia
Pacific, Hong Kong, People's Republic of China. Newtown
Square, PA: Project Management Institute.
[17] Nelson, R. R. (2007). IT project management: Infamous
failures, classic mistakes, and best practices. MIS Quarterly
executive, 6(2).
[18] Sarigiannidis, L. & Chatzoglou, P.D. (2014) Quality vs
Risk: An Investigation of their Relationship in Software
Development Projects. International Journal of Project
Management. 32, 6, 1073–1082.
[19] Sanchez, H., Robert, B., Bourgault, M. & Pellerin, R.
(2009) Risk Management Applied to Projects, Programs,
and Portfolios. International Journal of Managing Projects
in Business. 2, 1, 14–35.
[20] Baloch, M.P., Qadri, S., Hussain, S., Ahmad, S., Siddique,
A.B., Azam, F. & Sahiwal, S. (2014) Comparative Study of
Risk Management in Centralized and Distributed Software
Development Environment. Sci. Int. (Lahore). 26, 4, 1523–
1528.
[21] Khan, K., Qadri, S., Ahmad, S., Siddique, A.B., Ayoub A.
& Saeed, S. (2014) Evaluation of PMI’s Risk Management
Framework And Major Causes Of Software Development
Failure In Software Industry. International Journal of
Scientific & Technology Research. 3, 11, 120-124.
[22] Mnkandla, E. (2012) Assessing a Methodology’s Project
Risk Management Competence. Journal of Contemporary
Management. 9, 279-299.
[23] Zwikael, O. & Ahn, M. (2011) The Effectiveness of Risk
Management: An Analysis of Project Risk Planning Across
Industries and Countries. Risk Analysis. 31, 1, 25–37.
[24] Chawan, P.M., Patil, J. & Naik, R. (2013) Software Risk
Management. International Journal of Computer Science
and Mobile Computing. 2, 5, 60–66.
[25] McConnell, S. (1998) Software Project Survival Guide.
Washington, Microsoft Press.
[26] IEEE: See the Institute of Electrical and Electronics
Engineers (2001).
[27] Project Management Institute. (2013) A Guide to the
Project Management Body of Knowledge (PMBOK
Guide), 5th edition. Pennsylvania, Project Management
Institute.
[28] Software Engineering Institute. (2010) Capability Maturity
Model Integration, Version 1.3.
http://www.sei.cmu.edu/reports/10tr033.pdf.
[29] Bannerman, P.L. (2008) Risk and Risk Management in
Software Projects : A Reassessment. The Journal of
Systems and Software. 81, 12, 2118–2133.
[30] Kajko-Mattsson, M. & Nyfjord, J. (2008) State of Software
Risk Management Practice. IAENG International Journal
of Computer Science. 35,
4.http://www.iaeng.org/IJCS/issues_v35/issue_4/IJCS_35_
4_03.pdf.
[31] Bass, J. (2016) Artefacts and Agile Method Tailoring in
Large-Scale Offshore Software Development Programmes.
Information and Software Technology. 75, 1-16.
[32] Mnkandla, E. (2012) Assessing a Methodology’s Project
Risk Management Competence. Journal of Contemporary
Management. 9, 279-299.
[33] Al-Tmeemy, S.M., Abdul-Rahman, H. & Harun, Z. (2011)
Future Criteria for Success of Building Projects in
Malaysia. International Journal of Project Management. 29,
3, 337–348.
[34] Savolainen, P. & Ahonen, J.J. (2012) Software
Development Project Success and Failure from the
Supplier’s Perspective : A Systematic Literature Review.
International Journal of Project Management. 30, 4, 458–
469.
[35] Nixon, P., Harrington, M. & Parker, D. (2011) Leadership
erformance is Significant to Project Success or Failure: A
Critical Analysis. IJPPM. 61, 2, 204–216.
[36] Project Management Institute. (2013) A Guide to the
Project Management Body of Knowledge (PMBOK
Guide), 5th edition. Pennsylvania, Project Management
Institute.
[37] Alhawari, S., Karadsheh, L., Talet, A.N. & Mansour, E.
(2012) Knowledge-Based Risk Management Framework
for Information Technology Project. International Journal
of Information Management. 32, 1, 50–65.
[38] Ropponen, J. & Lyytinen, K. (2000) Components of
Software Development Risk: How to Address Them? A
Project Manager Survey. IEEE Transactions on Software
Engineering. 26, 2, 98-112.
[39] Silva, P.S., Trigo, A., Varajão, J. (2012) Collaborative Risk
Management in Software Projects. Eighth International
Conference on the Quality of Information and
Communicaitons Technology.
[40] Teller, J. & Kock, A. (2012) An Empirical Investigation on
How Portfolio Risk Management Influences Project
Portfolio Success. International Journal of Project
Management. 31, 818-829.
[41] Wet, B. & Visser, J.K. (2013) An Evaluation of Software
Project Risk Management in South Africa. South African
Journal of Industrial Engineering. 24, 14–28.
[42] Keil, M., Li, L., Mathiassen, L. & Zheng, G. (2008) The
Influence of Checklists and Roles on Software Practitioner
Risk Perception and Decision-Making. Journal of Systems
and Software. 81, 6, 908–919.
[43] Shaikh, J. & Ahsan, K. (2015) Software Project
Management in Developing Countries: Landscape,
Literature Review Framework and Opportunities. Research
Journal of Recent Sciences. 4, 1, 118-128.
[44] Adeleye, B.C, Annansingh, F. & Nunes, M.B. (2004) Risk
Management Practices in IS Outsourcing: An Investigation
15. International Journal of Electrical, Electronics and Computers, 5(6)
Nov-Dec, 2020 | Available: http://eecjournal.com/
ISSN: 2456-2319
https://dx.doi.org/10.22161/eec.563 46
into Commercial Banks in Nigeria. International Journal of
Information Management. 24, 2, 167–180.
[45] Mpazanje, F., Sewchurran, K. & Brown, J. (2013)
Rethinking Information Systems Projects Using Actor-
Network Theory: A Case of Malawi. The Electronic
Journal of Information Systems in Developing Countries.
58, 7, 1-32.
[46] Kundi, G.M. & Shah, B. (2009) IT in Pakistan: Threats &
Opportunities for eBusinnes. The Electronic Journal of
Information Systems in Developing Countries. 36, 8, 1-31.
[47] Marcelino-Sádaba, S, Pérez-Ezcurdia, A, Lazcano, AM &
Villanueva, P. (2014) Project Risk Management
Methodology for Small Firms. International Journal of
Project Management. 32, 2, 327–340.
[48] Bakker, K., Boonstra, A. & Wortmann, H. (2010) Does
Risk Management Contribute to IT Project Success? A
Meta-Analysis of Empirical Evidence. International Journal
of Project Management. 28, 5, 493–503.
Appendix I: Research Instrument
16. International Journal of Electrical, Electronics and Computers, 5(6)
Nov-Dec, 2020 | Available: http://eecjournal.com/
ISSN: 2456-2319
https://dx.doi.org/10.22161/eec.563 47