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A Method for Risk Response Planning in Project Portfolio Management

Ahmadi-Javid, Amir; Fateminia, Seyed Hamed; Gemünden, Hans Georg
Journal article, Peer reviewed
Accepted version
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URI
https://hdl.handle.net/11250/2657347
Date
2019
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  • Publikasjoner fra CRIStin - BI [643]
  • Scientific articles [1357]
Original version
Project Management Journal. 2019, 1-19.   10.1177/8756972819866577
Abstract
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.
Publisher
Sage
Journal
Project Management Journal

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