Quantitative Method of Ex-Ante Project Risk Assessment Based on Checklist Method

Risk is an issue of interdisciplinary character and accompanies all actions undertaken in companies, e.g. projects. Identification and assessment of risk is an important issue, but at the same time it is particularly difficult in actions of unique character such as projects. This article identifies exogenous and endogenous risk factors that affect successful project implementation. Six risk-generating areas were defined to identify and assess ex-ante risks in the project: project environment, client and contract, suppliers, organization maturity and a project team. Each one of them was assigned analytical criteria and a method for their assessment. Empirical verification was made based on an example of a manufacturing process. The proposed method is a support for project managers in a process of decision-making and for actions undertaken by managers aimed at reduction of risk in a project, especially at a stage of its preparation.

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Publication Details

Journal
Management and Production Engineering Review
Published
2024-12-30
DOI
https://doi.org/10.24425/mper.2024.153123
Primary Topic
Evaluation and Optimization Models
Type
article
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0.00
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article

Quantitative Method of Ex-Ante Project Risk Assessment Based on Checklist Method

Ewa Kozień
Management and Production Engineering Review
Evaluation and Optimization Models
article

Quantitative Method of Ex-Ante Project Risk Assessment Based on Checklist Method

Ewa Kozień
article en

Abstract

Risk is an issue of interdisciplinary character and accompanies all actions undertaken in companies, e.g. projects. Identification and assessment of risk is an important issue, but at the same time it is particularly difficult in actions of unique character such as projects. This article identifies exogenous and endogenous risk factors that affect successful project implementation. Six risk-generating areas were defined to identify and assess ex-ante risks in the project: project environment, client and contract, suppliers, organization maturity and a project team. Each one of them was assigned analytical criteria and a method for their assessment. Empirical verification was made based on an example of a manufacturing process. The proposed method is a support for project managers in a process of decision-making and for actions undertaken by managers aimed at reduction of risk in a project, especially at a stage of its preparation.

Management and Production Engineering Review
Openalex Percentile: Top 66%
Evaluation and Optimization Models
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