Reducing Risks in Energy Innovation Projects: Complexity Theory Perspective

Mihić, Marko; Dodevska, Zorica A.; Todorović, Marija; Obradović, Vladimir; Petrović, Dejan

doi:10.3390/su10092968

Cited by 9 publications

(7 citation statements)

References 65 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…As discussed previously, the energy, economic and political landscapes in South Africa are faced with many risks and uncertainties. In addition, sustainable energy projects or energy innovation projects are characterised by many risks [43], such as numerous risks from the environment, which are hard to predict, multidisciplinary project teams and multiple stakeholders, difficult decision making and financial risk. In order to plan for a sustainable energy future at a local government level, these risks and uncertainties need to be considered, but according to Bowers and Khorakian [44], approaches to deal with these risks have not been explicitly examined.…”

Section: Risk Assessment Methodsmentioning

confidence: 99%

Explore, Design and Act for Sustainability: A Participatory Planning Approach for Local Energy Sustainability

Fouché

Brent

2020

Sustainability

View full text Add to dashboard Cite

This paper focuses on the development of a participatory planning approach for local energy sustainability. The characteristics of a complex problem were reviewed to establish that the problem of sustainable energy at a local government level is complex. In order to better manage complex problems, the literature shows that soft operational research or problem-structuring methods need to be applied, and hence these methods were used as a starting point for developing a participatory planning approach. The requirements for a planning approach were elicited, namely that the approach must be participative and inclusive, holistic, simple and transparent. In addition, the approach must include the identification and assessment of risks as part of the deliberation process, the development of a realistic action plan must be attainable at the end of the stakeholder engagement, the approach must be dynamic, and should be formalised with clear institutional arrangements. A novel participatory approach, namely EDAS—to Explore, Design and Act for Sustainability—was then developed, applied, and evaluated as part of a case study with a local municipality in the Western Cape Province of South Africa. The insights are relevant not only for local governments, but for any institution on a journey towards sustainability.

show abstract

Section: Risk Assessment Methodsmentioning

confidence: 99%

Explore, Design and Act for Sustainability: A Participatory Planning Approach for Local Energy Sustainability

Fouché

Brent

2020

Sustainability

View full text Add to dashboard Cite

show abstract

“…Indeed, many has been done in researching different types of sustainability [38] and infrastructure projects challenges such as planning [18,39,40], procurement and contracting [41,42], ex post evaluation [43,44], strategic governance [45], public sector capacities [19], risk management [46,47,48], etc. All of these researches had great successes in addressing different connected questions and areas.…”

Section: Sustainable Developmentmentioning

confidence: 99%

Infrastructure projects classification – Sustainable development perspective

Butković¹,

Klepo²,

Rastovski³

2019

Proceedings of the 5th IPMA SENET Project Management Conference (SENET 2019)

View full text Add to dashboard Cite

Infrastructure is an indivisible part of our modern life experience. Infrastructure projects are the cornerstone of states' economic growth, development and wellbeing. Nevertheless, it is often unclear what is considered under the term "infrastructure" when thought through. Few scientists explored the term more closely, giving their insights in possible classification of infrastructure projects, most of them adopting division on economic (physical) and social infrastructure. By conducting desk research and focus group research, authors explored new possible approach to infrastructure classification, combining the existing knowledge and three perspectives of sustainable developmenteconomic, social and environmental. The main contribution of this work lies in proposal of sustainable-oriented infrastructure classification. The results of this study may be found useful by researchers, project management practitioners, policymakers and wider interested public in broadening comprehension horizon on infrastructure in general.

show abstract

“…In the terminology of experiment planning, input variables and structural assumptions that make up the simulation model are named factors, and the output performance is called responses. To run experiments with the simulation model fora commercial bank's project portfolio, four main factors are identified: budget of the project portfolio; duration of the project portfolio; number and composition of personnel engaged in a banking project; ratio of diverse types of banking projects in the portfolio [3], [17].…”

Section: Planning Experiments With the Simulation Modelmentioning

confidence: 99%

Risk Management of a Commercial Bank’s Project Portfolio through Simulation

Usmanova¹,

Khanova²

2019

Proceedings of the Fourth Workshop on Computer Modelling in Decision Making (CMDM 2019)

View full text Add to dashboard Cite

The authors build a simulation model focused on the risk management of a commercial bank's project portfolio with a detailed description of the relevant methodology. The paper explores the logic of the simulation algorithm which is the logical structure of the system functioning model. It obtains insights into the structure and interrelations of submodels in the simulation model of a commercial bank's project portfolio. The authors analyze the identified stochastic factors. The research selects probability distributions for each of the chosen random factors and explores the core processes of the simulation model for the project portfolio of a commercial bank. It describes the components forming the submodels using various presentation methods. The results of the research work are: determined relationships between banking project risk types (input parameters) and the cumulative risk of a commercial bank's project portfolio (resultant indicator), calculation of the cumulative risk in a commercial bank's project portfolio through simulation, completed experiments with the model based on the factorial design.

show abstract

Reducing Risks in Energy Innovation Projects: Complexity Theory Perspective

Cited by 9 publications

References 65 publications

Explore, Design and Act for Sustainability: A Participatory Planning Approach for Local Energy Sustainability

Explore, Design and Act for Sustainability: A Participatory Planning Approach for Local Energy Sustainability

Infrastructure projects classification – Sustainable development perspective

Risk Management of a Commercial Bank’s Project Portfolio through Simulation

Contact Info

Product

Resources

About