Javid, Amir Ahmadi. et al
A method for risk response planning in project portfolio management - Project Management Journal - 51(1), 2020: p.77-95
To improve the effectiveness of project portfolio risk management, a portfolio-wide approach is required. Implementing a proactive strategy, this article presents a method based on mathematical optimization to select an appropriate set of a priori local and global responses to address risks that threaten a project portfolio considering key factors, such as cost, budget, project preference weights, risk-event probabilities, interdependencies among work packages, and both occurrence and impact dependencies among risk events. As the proposed method has new features compared to the existing methods developed for a single project, it can also be used in project risk management. – Reproduced
Modeling and optimization, Portfolio management, Project management, Response planning, Risk management
A method for risk response planning in project portfolio management - Project Management Journal - 51(1), 2020: p.77-95
To improve the effectiveness of project portfolio risk management, a portfolio-wide approach is required. Implementing a proactive strategy, this article presents a method based on mathematical optimization to select an appropriate set of a priori local and global responses to address risks that threaten a project portfolio considering key factors, such as cost, budget, project preference weights, risk-event probabilities, interdependencies among work packages, and both occurrence and impact dependencies among risk events. As the proposed method has new features compared to the existing methods developed for a single project, it can also be used in project risk management. – Reproduced
Modeling and optimization, Portfolio management, Project management, Response planning, Risk management