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• W2013467009 abstract "This study proposes an integrated analytical framework for effective management of project risks using combined multiple criteria decision-making technique and decision tree analysis. First, a conceptual risk management model was developed through thorough literature review. The model was then applied through action research on a petroleum oil refinery construction project in the Central part of India in order to demonstrate its effectiveness. Oil refinery construction projects are risky because of technical complexity, resource unavailability, involvement of many stakeholders and strict environmental requirements. Although project risk management has been researched extensively, practical and easily adoptable framework is missing. In the proposed framework, risks are identified using cause and effect diagram, analysed using the analytic hierarchy process and responses are developed using the risk map. Additionally, decision tree analysis allows modelling various options for risk response development and optimises selection of risk mitigating strategy. The proposed risk management framework could be easily adopted and applied in any project and integrated with other project management knowledge areas." @default.
• W2013467009 created "2016-06-24" @default.
• W2013467009 creator A5046908030 @default.
• W2013467009 date "2011-07-06" @default.
• W2013467009 modified "2023-10-14" @default.
• W2013467009 title "Project risk management using multiple criteria decision-making technique and decision tree analysis: a case study of Indian oil refinery" @default.
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• W2013467009 doi "https://doi.org/10.1080/09537287.2011.586379" @default.
• W2013467009 hasPublicationYear "2011" @default.
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