Paper Info
Title
Network theory-based analysis of risk interactions in large engineering projects.
Abstract
This paper presents an approach based on network theory to deal with risk interactions in large engineering projects. Indeed, such projects are exposed to numerous and interdependent risks of various nature, which makes their management more difficult. In this paper, a topological analysis based on network theory is presented, which aims at identifying key elements in the structure of interrelated risks potentially affecting a large engineering project. This analysis serves as a powerful complement to classical project risk analysis. Its originality lies in the application of some network theory indicators to the project risk management field. The construction of the risk network requires the involvement of the project manager and other team members assigned to the risk management process. Its interpretation improves their understanding of risks and their potential interactions. The outcomes of the analysis provide a support for decision-making regarding project risk management. An example of application to a real large engineering project is presented. The conclusion is that some new insights can be found about risks, about their interactions and about the global potential behavior of the project.
Year
DOI
Venue
2012
10.1016/j.ress.2012.04.005
Reliability Engineering & System Safety
Keywords
DocType
Volume
Project risk management,Complexity,Topological analysis,Decision support,Network theory
Journal
106
ISSN
Citations 
PageRank 
0951-8320
7
0.63
References 
Authors
6
4
Name
Order
Citations
PageRank
Chao Fang1264.60
Franck Marle2768.04
Enrico Zio374257.86
Jean-Claude Bocquet4496.79