Risk Management and the Rate of Project Success within Multi-Projects Environment

Master's Thesis , 2012 , 62 Pages , Grade: 1.5

Business economics - Miscellaneous

This is research has the intention to examine risk management in multi project environment with the aim of finding out how organizations do their risk implementations and if the implementation of risk processes within participant organizations has any impact on the rate of project success within a multi-project environment. As found in most literatures, project risk management has concentrated more on single standalone projects as opposed to managing project risk as portfolio where lesson learned from one project could be of benefit to another project within the same project environment.

As risk management in projects has evolved over the recent decades as an integral part of project management in recent time, it has gained tremendous attention within the industrial sector because of an increased awareness about the relationship between efforts to reduce risk and project success.

Within the academic community, there is the existence of gap in literatures regarding risk management in multiple project environments, and for the fact that the research that has been performed within the academic community has largely focused on the idea of risk management occurring in single project environments; the research will be aimed at how risk management is implemented within the organizations that will be examined, in order to draw up conclusion if risk is better managed at single project level or at multi- project level.

Inhaltsverzeichnis (Table of Contents)

• Abstract
• Acknowledgement
• Dedication
• Chapter 1: Introduction
  • 1.1 Background and Context
  • 1.2 Aims and Objectives
  • 1.3 Importance of the Research
  • 1.4 Layout of the Research
• Chapter 2: Literature Review
  • 2.1 Background and Definitions
  • 2.2 Single Project Risk Management
  • 2.3 Multiple Project Risk Management
  • 2.4 Risk Management and Project Success
• Chapter 3: Methodology
  • 3.1 Introduction
  • 3.2 Research Paradigm
  • 3.3 Research Design
    • 3.3.1 Research Participants
  • 3.4 Data Collection Process
    • 3.4.1 Primary Data
    • 3.4.2 Secondary Data
  • 3.5 Questionnaire design
  • 3.6 Ethical Considerations
  • 3.7 Limitations of the Research
  • 3.8 Validity and Reliability
• Chapter 4: Results Analysis and Discussions
  • 4.1 Descriptive statistics
  • 4.2 Implementation of Risk Management
  • 4.3 Success Related to Risk Management
• Chapter 5: Discussion and Conclusion
  • 5.1 Risk Management Implementation
  • 5.2 Risk Management and Project Success
  • 5.3 Implications of the Research
• References

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This research explores risk management in a multi-project environment, aiming to understand how organizations implement risk processes and whether such implementation impacts project success within a multi-project context. The work focuses on the gap in existing literature concerning risk management in multiple project environments, particularly in contrast to the dominant focus on single project risk management.

• Implementation of risk management in multi-project environments
• Relationship between risk management implementation and project success
• Comparison of risk management at single project and multi-project levels
• Influence of existing literature on risk management in a multi-project environment
• Importance of risk management as an integral part of project management in the industrial sector

Zusammenfassung der Kapitel (Chapter Summaries)

• Chapter 1: Introduction: This chapter introduces the research topic, focusing on the background and context of risk management in projects, particularly its evolution and growing importance within the industrial sector. It highlights the gap in literature regarding risk management in multi-project environments and outlines the research objectives and layout.
• Chapter 2: Literature Review: This chapter provides a comprehensive overview of existing literature on risk management, specifically exploring single project risk management, multiple project risk management, and the relationship between risk management and project success. It examines key concepts and definitions within the field.
• Chapter 3: Methodology: This chapter details the research methodology, outlining the research paradigm, design, data collection process, ethical considerations, and limitations of the research. It also discusses the validity and reliability of the methods used.
• Chapter 4: Results Analysis and Discussions: This chapter presents and analyzes the research findings, focusing on descriptive statistics, the implementation of risk management practices, and the relationship between risk management implementation and project success.

Schlüsselwörter (Keywords)

This research focuses on risk management in multi-project environments, exploring its implementation, impact on project success, and comparison with single project risk management. Key terms include risk management, multi-project environments, project success, portfolio risk management, and the implementation of risk processes within organizations. The research aims to bridge the gap in literature by examining the effectiveness of risk management strategies in a multi-project context.

• Course: MSc Project management
• Grade: 1.5
• Author: Emmannuel Ezeoke (Author)
• Publication Year: 2012
• Pages: 62
• Catalog Number: V202814
• ISBN (eBook): 9783668138803
• ISBN (Book): 9783668138810
• Language: English
• Tags: Risk management, Risk, Business management, Project management, risk analysis, risk portfolio, business risk, project success, Risk management and the rate of project success, multi-projects environment