Comparison of Various Tools and Techniques used for Project Risk Management

Nasmin Jiwani, Ketan Gupta

Abstract


Large-scale projects should receive extra attention since they have several sources of risk across the entire project life cycle, making project risk management an essential component of their implementation. Important strategic choices are made during the planning stage of a project's life cycle; as a result, this stage requires expert risk management to enhance the identification and implementation of appropriate reaction measures. A survey of recent project risk management research is included in this paper. By using its many processes, projects lessons learned, and projects debriefing procedures, it gives an overview of the fundamental ideas in risk management. It takes into account project risk management utilizing the risk breakdown structure approach. This article can serve as source material for additional research because it refers to related fields of risk management in major projects.

Keywords


risk management, survey, methodology, questionnaire, cube approach

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References


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