Systemic risk elicitation : using causal maps to engage stakeholders and build a comprehensive view of risks

Ackermann, Fran and Howick, Susan and Quigley, John and Walls, Lesley and Houghton, Tom (2014) Systemic risk elicitation : using causal maps to engage stakeholders and build a comprehensive view of risks. European Journal of Operational Research, 238 (1). pp. 290-299. ISSN 0377-2217

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    Abstract

    As evidenced through both a historical and contemporary number of reported over-runs, managing projects can be a risky business. Managers are faced with the need to effectively work with a multitude of parties and deal with a wealth of interlocking uncertainties. This paper describes a modelling process developed to assist managers facing such situations. The process helps managers to develop a comprehensive appreciation of risks and gain an understanding of the impact of the interactions between these risks through explicitly engaging a wide stakeholder base using a group support system and causal mapping process. Using a real case the paper describes the modelling process and outcomes along with its implications, before reflecting on the insights, limitations and future research.

    Author(s):Ackermann, Fran, Howick, Susan ORCID logoORCID: https://orcid.org/0000-0002-0796-7981, Quigley, John, Walls, Lesley ORCID logoORCID: https://orcid.org/0000-0001-7016-9141 and Houghton, Tom
    Item type:Article
    ID code:48446
    Keywords:problem structuring, risk analysis, group decision making, Risk Management, Management. Industrial Management, Modelling and Simulation, Management Science and Operations Research, Information Systems and Management
    Subjects:Social Sciences > Industries. Land use. Labor > Risk Management
    Social Sciences > Industries. Land use. Labor > Management. Industrial Management
    Department:Strathclyde Business School > Management Science
    Faculty of Engineering > Electronic and Electrical Engineering
    Depositing user: Pure Administrator
    Date deposited:05 Jun 2014 15:38
    Last modified:01 Oct 2019 00:22
    URI:https://strathprints.strath.ac.uk/id/eprint/48446
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