Project Risk Assessment Framework
Subject Areas : policy making
Mehran
Khalaj
1
(Young Researchers and Elite Club, Robat Karim Branch, Islamic Azad University, Robat Karim, Iran)
Amir Hossine
Khalaj
2
(Young Researchers and Elite Club, Robat Karim Branch, Islamic Azad University, Robat Karim, Iran)
Keywords: project management, risk, Uncertainty, probability, Dempster-Shafer theory,
Abstract :
This study presents a framework for calculating the risk of various projects, especially projects under uncertain circumstances. First, the related literature is reviewed and then the relationship between risk and projects is examined. Using a case study an approach is provided to determine the project risk in uncertain circumstances where sufficient data is not available for decision-making. In the new proposed method, instead of using a purely qualitative method, Dempster-Shafer theory has been used because of the limited data for decision making. Finally, the proposed method is examined based on a construction company and the results are presented.