Project practitioner experience in risk ranking analysis – an empirical study in Malaysia and Singapore
Document Type
Article
Publication Date
1-1-2022
Abstract
Despite the Information Technology (IT) sector’s continuing growth driving massive demand for IT project practitioners, the high failure rate of IT projects has caused enormous losses for many organizations. Establishing effective and proactive practice for project risk management (PRM) is imperative. Risk exposure scoring is becoming a critical risk classifier in prioritizing items in descending order, developing plans to address the most significant factors, and leaving the rest on a “watch list”. This study analyzes responses from targeted project managers (PM) in Malaysia-Singapore to a survey. The author ranked the intrinsic risk of projects and investigated the effect of a project practitioner’s level of experience in risk assessment. The results indicated that a project practitioner’s assessments of risk depend on the number of years of experience acquired. © 2022 Authors.
Keywords
Assessment tool, Practitioner experience, Project management success, Project management techniques, Ranking project risk
Funders
None
Publication Title
Operations Research and Decisions
Volume
32
Issue
2
Publisher
Wroclaw University of Science and Technology