Generalized Modular Method of Project Risk Management

The article discusses risk management models and frameworks implemented during the development of multi-user cross-platform distributed IT projects. For this class of pro-jects, the use of quantitative risk assessment methods, rules for absorbing and adding risks, which make it pos¬sible to systematically assess the likelihood of negative events and their impact on each stage of the project, are observed. Authors propose a method of modular risk management, present the main indicators for assessing the progress of the implementation of the i-th module and its operational ma¬nagement, and provide a formula for calculating project efficiency. These calculated indicators can be used to estimate the cost of resources at a certain point in time, estimate the timeframe for completing the module, and decide on the feasibility of further development.

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Publication Details

Journal
Èlektronnoe modelirovanie
Published
2024-10-11
DOI
https://doi.org/10.15407/emodel.46.05.092
Primary Topic
Advanced Data Processing Techniques
Type
article
Field-Weighted Citation Impact
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article

Generalized Modular Method of Project Risk Management

Olena Mikhnova, Alina Mikhnova
Èlektronnoe modelirovanie
Advanced Data Processing Techniques
article

Generalized Modular Method of Project Risk Management

Olena Mikhnova, Alina Mikhnova
article en

Abstract

The article discusses risk management models and frameworks implemented during the development of multi-user cross-platform distributed IT projects. For this class of pro-jects, the use of quantitative risk assessment methods, rules for absorbing and adding risks, which make it pos¬sible to systematically assess the likelihood of negative events and their impact on each stage of the project, are observed. Authors propose a method of modular risk management, present the main indicators for assessing the progress of the implementation of the i-th module and its operational ma¬nagement, and provide a formula for calculating project efficiency. These calculated indicators can be used to estimate the cost of resources at a certain point in time, estimate the timeframe for completing the module, and decide on the feasibility of further development.

Èlektronnoe modelirovanieVol. 46(5)
Industry, innovation and infrastructure
Openalex Percentile: Top 77%
Advanced Data Processing Techniques
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