A redefinition of the project risk process: Using vulnerability to open up the event-consequence link

Zhang, Hongliang

doi:10.1016/j.ijproman.2007.02.004

Cited by 91 publications

(87 citation statements)

References 27 publications

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“…It is positioned for possible application in a climate change strategy. Zhang (2007), in one of the earliest mentions of climate change in a project management journal, also addresses risk management and notes that the 'influence of systems on risk consequences has been comprehensively assessed in climate change studies. ' Wang et al propose an infrastructure assessment framework, and apply it on a cross-sea route project in the South China Sea.…”

Section: Sometimes It's Important To Simply Say the Words … As It Is mentioning

confidence: 99%

We need to use the words...

Pasian

2017

PMRP

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Sometimes it’s important to simply say the words … as it is in the beginning of wisdom that is the definition of terms. When historians look at the world of project management, what will they say that we have said about climate change? Certainly more general—but absolutely legitimate—terms such as ‘sustainability’ have been used, but in a basic term search in the 3 oldest project management journals, I was surprised to see only a few dozen uses of ‘climate change’ as a specific term. Theconversation started a long time ago using those words, and PMRP would like to encourage more with this commentary on one of the central topics of this journal … climate change.

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Section: Sometimes It's Important To Simply Say the Words … As It Is mentioning

confidence: 99%

We need to use the words...

Pasian

2017

PMRP

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“…The existence of emergent properties in project organizations has been recognized in recent studies. For example, agility, absorptive capacity, adaptive capacity, and vulnerability have been reported at the project level (Knudsen and Roman, 2004;Karadzic et al, 2013;Zhang, 2007). showed that three emergent properties could exist in construction project organizations: absorptive capacity, adaptive capacity, and restorative capacity.…”

Section: Emergent Propertiesmentioning

confidence: 99%

A System-of-Systems Framework for Performance Assessment in Complex Construction Projects

Zhu

Mostafavi

2014

OTMCJ

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Performance inefficiency is a critical challenge facing the construction industry. Despite the efforts made in the existing body of literature, an integrated theory of performance assessment facilitating a bottom-up understanding of the dynamic behaviors, uncertainties, and interdependencies between the constituents in construction projects is still missing. The traditional paradigm for performance assessment is mainly based on a reductionism perspective, in which construction projects are identified as monolithic systems. However, complex construction projects are systems-of-systems. Systems-of-systems have unique traits that are different from those of monolithic systems. Failure to investigate construction projects as systems-of-systems has led to theoretical and methodological limitations in the creation of integrated tools and techniques for better assessment of performance in complex construction projects. To address these theoretical and methodological limitations, a system-of-systems framework is proposed as a theoretical lens and methodological structure toward creation of tools and techniques for integrated performance assessment of complex construction projects. Two principles (i.e., base-level abstraction and multi-level aggregation) are used to develop the proposed framework. The proposed framework facilitates a bottom-up evaluation of the dynamic behaviors, uncertainties, and interdependencies between the constituents in construction projects. The capabilities of the proposed framework show its potential in addressing the limitations pertaining to the traditional frameworks for performance assessment. Hence, it can be adopted and tested by researchers to advance the body of knowledge and create integrated theories of performance assessment in complex construction projects.

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“…PMBoK (2008) accepted risk as an uncertain event or condition, in the case of its occurrence, has a positive or a negative impact on at least one project objective. Although occurrence of risks can be a benefit or a threat on achievability of project goals, generally studies on risk choose the negative or undesirable changes as risk consequences (Zhang, 2007). In construction industry, risk is generally accepted as the combination of probability of occurrence, the degree of impact (severity) and the exposure of all hazards and events adversely affecting an activity (Jannadi andAlmishari, 2003, andChapman, 2001).…”

Section: Definition Of Riskmentioning

confidence: 99%

International Construction Projects

Klee

2014

International Construction Contract Law

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A redefinition of the project risk process: Using vulnerability to open up the event-consequence link

Cited by 91 publications

References 27 publications

We need to use the words...

We need to use the words...

A System-of-Systems Framework for Performance Assessment in Complex Construction Projects

International Construction Projects

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