Accounting for risk interactions and using importance measures for risk prioritization in project management

Chao Fang; Xun Xiao; Xiaoyan Zhu

doi:10.1109/IEEM.2012.6838096

Accounting for risk interactions and using importance measures for risk prioritization in project management

Chao Fang
, Xun Xiao
, Xiaoyan Zhu

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

3 Scopus citations

Abstract

In this paper we present a method using importance measures for project risk prioritization. First, a simulation-based risk network model is used to account for risk interactions. Various measures are then proposed to assess the risks and risk interactions with respect to their influence on the defined global risk exposure. An example of application to a real musical staging project is presented.

Original language	English
Title of host publication	2012 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2012
Publisher	IEEE Computer Society
Pages	1998-2002
Number of pages	5
ISBN (Print)	9781467329453
DOIs	https://doi.org/10.1109/IEEM.2012.6838096
State	Published - 2012
Externally published	Yes
Event	2012 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2012 - Hong Kong, China Duration: 10 Dec 2012 → 13 Dec 2012

Publication series

Name	IEEE International Conference on Industrial Engineering and Engineering Management
ISSN (Print)	2157-3611
ISSN (Electronic)	2157-362X

Conference

Conference	2012 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2012
Country/Territory	China
City	Hong Kong
Period	10/12/12 → 13/12/12

Keywords

Complexity
decision support
importance measures
project management
risk prioritization

Access to Document

10.1109/IEEM.2012.6838096

Cite this

Fang, C., Xiao, X., & Zhu, X. (2012). Accounting for risk interactions and using importance measures for risk prioritization in project management. In 2012 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2012 (pp. 1998-2002). Article 6838096 (IEEE International Conference on Industrial Engineering and Engineering Management). IEEE Computer Society. https://doi.org/10.1109/IEEM.2012.6838096

Fang, Chao ; Xiao, Xun ; Zhu, Xiaoyan. / Accounting for risk interactions and using importance measures for risk prioritization in project management. 2012 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2012. IEEE Computer Society, 2012. pp. 1998-2002 (IEEE International Conference on Industrial Engineering and Engineering Management).

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title = "Accounting for risk interactions and using importance measures for risk prioritization in project management",

abstract = "In this paper we present a method using importance measures for project risk prioritization. First, a simulation-based risk network model is used to account for risk interactions. Various measures are then proposed to assess the risks and risk interactions with respect to their influence on the defined global risk exposure. An example of application to a real musical staging project is presented.",

keywords = "Complexity, decision support, importance measures, project management, risk prioritization",

author = "Chao Fang and Xun Xiao and Xiaoyan Zhu",

year = "2012",

doi = "10.1109/IEEM.2012.6838096",

language = "英语",

isbn = "9781467329453",

series = "IEEE International Conference on Industrial Engineering and Engineering Management",

publisher = "IEEE Computer Society",

pages = "1998--2002",

booktitle = "2012 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2012",

note = "2012 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2012 ; Conference date: 10-12-2012 Through 13-12-2012",

}

Fang, C, Xiao, X & Zhu, X 2012, Accounting for risk interactions and using importance measures for risk prioritization in project management. in 2012 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2012., 6838096, IEEE International Conference on Industrial Engineering and Engineering Management, IEEE Computer Society, pp. 1998-2002, 2012 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2012, Hong Kong, China, 10/12/12. https://doi.org/10.1109/IEEM.2012.6838096

Accounting for risk interactions and using importance measures for risk prioritization in project management. / Fang, Chao; Xiao, Xun; Zhu, Xiaoyan.
2012 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2012. IEEE Computer Society, 2012. p. 1998-2002 6838096 (IEEE International Conference on Industrial Engineering and Engineering Management).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - Accounting for risk interactions and using importance measures for risk prioritization in project management

AU - Fang, Chao

AU - Xiao, Xun

AU - Zhu, Xiaoyan

PY - 2012

Y1 - 2012

N2 - In this paper we present a method using importance measures for project risk prioritization. First, a simulation-based risk network model is used to account for risk interactions. Various measures are then proposed to assess the risks and risk interactions with respect to their influence on the defined global risk exposure. An example of application to a real musical staging project is presented.

AB - In this paper we present a method using importance measures for project risk prioritization. First, a simulation-based risk network model is used to account for risk interactions. Various measures are then proposed to assess the risks and risk interactions with respect to their influence on the defined global risk exposure. An example of application to a real musical staging project is presented.

KW - Complexity

KW - decision support

KW - importance measures

KW - project management

KW - risk prioritization

UR - https://www.scopus.com/pages/publications/84903826011

U2 - 10.1109/IEEM.2012.6838096

DO - 10.1109/IEEM.2012.6838096

M3 - 会议稿件

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SN - 9781467329453

T3 - IEEE International Conference on Industrial Engineering and Engineering Management

SP - 1998

EP - 2002

BT - 2012 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2012

PB - IEEE Computer Society

T2 - 2012 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2012

Y2 - 10 December 2012 through 13 December 2012

ER -

Fang C, Xiao X, Zhu X. Accounting for risk interactions and using importance measures for risk prioritization in project management. In 2012 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2012. IEEE Computer Society. 2012. p. 1998-2002. 6838096. (IEEE International Conference on Industrial Engineering and Engineering Management). doi: 10.1109/IEEM.2012.6838096

Accounting for risk interactions and using importance measures for risk prioritization in project management

Abstract

Publication series

Conference

Keywords

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