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.
Creators(s): |
Ackermann, Fran, Howick, Susan ![]() ![]() | Item type: | Article |
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ID code: | 48446 |
Keywords: | problem structuring, risk analysis, group decision making, decision support, 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: | 20 Jan 2021 21:18 |
URI: | https://strathprints.strath.ac.uk/id/eprint/48446 |
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