• The Journal of Information Systems
• /
• v.13 no.1
• /
• pp.1-20
• /
• 2004

Most of the software development projects bear risks that need analysis and management. Risk management plays a critical role for the success of software project management. In this study, we have used delphi method to delineate critical risk factors. The study pulls out 20 project risk factors from 21 project managers. It is certainly clear that certain features are more risky than others. Our study shows that unrealistic cost estimation and changes in scope and objective are more risky than other features.

• Journal of Korean Society for Quality Management
• /
• v.33 no.3
• /
• pp.135-148
• /
• 2005

This paper considers a six sigma project for reducing the project costs through project risk management. The project follows a disciplined process of five phases: define, measure, analyze, improve, and control. A risk management process map is used to identify process input and output variables. Seven key process input variables are selected by using C&E diagram and X-Y matrix and finally four vital few input variables are selected by the related statistical analysis. The optimum alternatives of the vital few input variables are obtained by the method of PUGH matrix. The process is running on control plan and we obtained substantial project cost reductions in early stage of the control phase.

• Journal of the Korean Society of Systems Engineering
• /
• v.12 no.2
• /
• pp.19-27
• /
• 2016

Many countries concentrated on the space developments to enhance the national security and the people's quality of life. A space launch vehicle for accessing the space is a typical large complex system that is composed of the high-technology like high-performance, high-reliability, superhigh-pressure, etc. The project developing large complex system like space launcher is mostly conducted in the uncertain environment. To achieve a goal of the project, its success probability should be enhanced consistently by reducing its uncertainty during the life cycle: it's possible to reduce the project's uncertainty by performing the risk management (RM) that is a method for identifying and tracing potential risk factors in order to eliminate the risks of the project. In this paper, we introduce the risk management (RM) process applied for a Space Launch Vehicle R&D Project.

• International conference on construction engineering and project management
• /
• 2009.05a
• /
• pp.1334-1339
• /
• 2009

To achieve the best performance of a project, uncertainties involved in the building construction process need to be identified in the planning phase of the project. Uncertainties seldom create a positive impact on construction project, but they almost cause delay and increase costs. Therefore, risk management plays a significant role in construction to minimize risk occurred due to uncertainties of a project. Although the importance of the risk management has been known to the construction industry, it is not enough to be developed to meet the demands of the industry. It has not been enough for Systems to control schedule risks for managers in the field. Therefore, a tool is necessary to efficiently control risks. The propose of this study is to invent Schedule Risk Control System Module to prepare for risks in preconstruction phase.

• Journal of Construction Engineering and Project Management
• /
• v.7 no.3
• /
• pp.15-25
• /
• 2017

The existence of material price volatility in construction projects puts forward substantial risks for all parties involved. Depending on the parties involved in the project, type of contracts, and state of the market various risk management strategies are practiced by contracting parties to manage project risks related to price volatility. Unfortunately, in many cases companies fail to select an adequate approach to better manage volatilities of material prices due to the lack of a decision support system to aid in the selection of an appropriate strategy based on the project characteristics. The aim of this study is to identify critical project factors and align them to documented strategies to manage price volatility based on an extensive literature review and industry interviews. This study found Integrated Project Delivery (IPD) as the ideal strategy with respect to project duration; quantitative risk management methods with respect to the cost; and Price Adjustment Clauses (PAC) with respect to the risk allocation, as the top price volatility management strategies.

• Journal of Korean Society for Quality Management
• /
• v.45 no.4
• /
• pp.665-676
• /
• 2017

Purpose: The purpose of this paper proposes an effective and systematic methods of risk management in product development project. Methods: This paper first discusses what risk factors be considered during product development period and then presented a model for preventive risk management. For that, this paper proposes how to evaluate the risk factors and risk events, and how to select prevention action for managing risk factors effectively. For this process, this paper uses well-known quality tools such as House of Quality (HOQ) and Failure Mode and Effects Criticality Analysis (FMECA) methods. Results: There is an inherent need for the development of robust risk management framework in order for product development projects to be successful. The identification and quantification of risk factors, risk events, and prevention actions can have significant effects on the success of a product development projects. Project managers can implement the proposed model to improve project success. Conclusion: The findings showed that this method would be effective for project managements in dealing with risk management issues in product development projects. This method presented would be an one of good guidelines for practitioners in the industry.

• Korean Journal of Construction Engineering and Management
• /
• v.4 no.2 s.14
• /
• pp.109-117
• /
• 2003

The construction project is largely exposed to much more risk events over the project life cycle due to its complexity and size than the other industries. Therefore, the construction risk management process to identify and response the risk events is not only performing acutely but also proceeding systematically. The risk identification phase in the risk management process is to identify various risk events and define its characteristics. At this phase, the risk identification system is very useful tool to identify every possible risk events in the project. This study shows some problems of the existing risk identification system and proposes the modified risk identification system based on the project phases and the contract bodies, and also suggests partial but more enough detailed risk checklists to be implemented in the actual risk identification phase than any other existing risk breakdown systems to be examined at this study.

• Korean Journal of Construction Engineering and Management
• /
• v.2 no.4 s.8
• /
• pp.62-68
• /
• 2001

The purpose of this study was to Identification the Risk of construction method to protect and reduce of construction period. Risk management is one of the key project management process. Numerous tools are available to support the various phases of the risk management process. We present the results of a study designed to identify the tools that are most widely used and those that are associated with successful project management in general, and with effective project risk management in particular. The study is based on a questionnaire administered to a sample of project managers from construction enterprises. The response data was analyzed in order to find which tools are more likely to be used in the those organizations that report better project management performance and in those that value the contribution of risk management processes.

• Proceedings of the Safety Management and Science Conference
• /
• 2006.04a
• /
• pp.525-544
• /
• 2006

This paper is to introduce guidelines for project quality management system. International standards such as ISO 10006, IEC 62198, ISO/IEC TR 16326 and ISO 15188 are considered. This study is to discuss guidelines for quality management in projects, and application guidelines for project risk management, and guide for the application of ISO/IEC 12207 to software project management, and project management guidelines for terminology standardization.

• Journal of Korea Society of Digital Industry and Information Management
• /
• v.5 no.2
• /
• pp.133-140
• /
• 2009

In the paper, we proposed the systematical and quantitative software risk management methodology based on risk analysis model. A software risk management consists of the basic risk management method(BRIMM) and the detailed risk management method(DRIMM). BRIMM is applied to unimportant phases or the phase which also the risk factor does not heavily influence to project. DRIMM is used from the phase which influences highly in project success or the phase where the risk factor is many. Fulfilling risk management combined two methods, we can reduce project's budget, term and resource's usage, and prevent risk with the optimum measures obtained by the exact risk analysis.