Risk management in project management

Sugianto, Margareta S (2002). Risk management in project management Honours Thesis, School of Engineering, The University of Queensland.

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Author Sugianto, Margareta S
Thesis Title Risk management in project management
School, Centre or Institute School of Engineering
Institution The University of Queensland
Publication date 2002
Thesis type Honours Thesis
Supervisor Professor. D.N.P. Murthy
Total pages 67
Language eng
Subjects 0913 Mechanical Engineering
Formatted abstract

The success parameters for any project are in time completion, within a specific budget and with requisite performance (technical requirement). The main barriers in achieving these are changes that occur in the project environment. The problem multiplies with the size of the project as uncertainties in project outcome increases with size. The failure of a project can have serious consequences.

This thesis reviews the literature and the development of a system for effective risk management in projects. It studies the different processes of risk management and its application on projects. The thesis shows that managing the risks and uncertainties of a project using the life cycle of a project enable high probability of project success. The project of particular interest for this thesis is New Product Development (NPD) project. It will discusses the general cycle process of NPD project, identify the potential risks at each phase of the cycle and the necessary risk actions the organisation may take.

Keyword Risk management
Project management
Additional Notes * Mechanical engineering undergraduate theses. Sem 2, 2002

Document type: Thesis
Collection: UQ Theses (non-RHD) - UQ staff and students only
Citation counts: Google Scholar Search Google Scholar
Created: Mon, 14 Oct 2013, 11:37:21 EST by Mr Yun Xiao on behalf of Scholarly Communication and Digitisation Service