Project risk management in practice: the actuality of project risk management in organizations

IF 4.6 Q2 MATERIALS SCIENCE, BIOMATERIALS
Pelle Lundquist Willumsen, Josef Oehmen, Hani Mike Rae Selim
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引用次数: 0

Abstract

Purpose

This paper explores how risks are managed in project practice beyond formalized risk management processes by applying the lens of actuality research to project risk management.

Design/methodology/approach

The paper follows a qualitative multimethod research approach utilizing literature review, interviews, observations and document analysis. The paper is based on three case studies and one interview study in project organizations facing green transition challenges.

Findings

Little work exists to reveal how risk management is actually done by project practitioners, and why. Few studies report on contextual variation and consider confounding factors beyond a “one size fits all” formalized explicit risk management process, despite ample evidence that risks are managed outside the formal process. The study documents that informal and/or implicit risk management activities add significantly more value.

Originality/value

The paper contributes a literature review of research into the actuality of project risk management, a sense-making framework of how risks are managed in practice beyond the formal, explicit risk-management process by including informal and/or implicit risk management activities, an empirical study of risk-management practice highlighting that informal and/or implicit risk-management activities dominate in practice, a discussion of why risks are managed outside formalized, explicit process and a research agenda to enable the design of impactful project risk-management practices.

项目风险管理实践:组织中项目风险管理的实际情况
本文采用定性多方法研究方法,利用文献综述、访谈、观察和文件分析,对面临绿色转型挑战的项目组织进行了三项案例研究和一项访谈研究。本文基于三项案例研究和一项访谈研究,研究对象是面临绿色转型挑战的项目组织。研究结果揭示项目从业人员如何实际进行风险管理以及原因的工作很少。尽管有大量证据表明,风险管理是在正式流程之外进行的,但很少有研究对环境变化进行报告,也很少考虑 "一刀切 "的正式明确风险管理流程之外的干扰因素。本文对项目风险管理实际情况的研究进行了文献综述,提出了在正式、明确的风险管理流程之外如何通过包括非正式和/或隐性风险管理活动进行风险管理的感性框架,对风险管理实践进行了实证研究,强调非正式和/或隐性风险管理活动在实践中占主导地位,讨论了在正式、明确的流程之外进行风险管理的原因,并提出了研究议程,以便设计有影响力的项目风险管理实践。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
ACS Applied Bio Materials
ACS Applied Bio Materials Chemistry-Chemistry (all)
CiteScore
9.40
自引率
2.10%
发文量
464
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