Risk Management in Parallel Projects: Analysis & Best Practices and Implications to Generic DBrain (gDBrain) Research Project

Ibrahim, Jamaludin and Wani, Sharyar and Elsadig Adam, Mutasim and Abdullahi, Husein Osman and Shamsudin, Ahmad Faizul (2013) Risk Management in Parallel Projects: Analysis & Best Practices and Implications to Generic DBrain (gDBrain) Research Project. In: The 4th International Conference on Information & Communication Technology for the Muslim World (ICT4M), 25-27 Mar 2013, Rabat, Moroco.

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Abstract

The increased stiffness in competition has dramatically increased the risk occurrence in project delivery. As the number of projects grows, enterprises or project managers have to eventually run simultaneous projects. Risk management in such cases becomes extremely necessary as failure of one project may lead to the near failure of all the parallel projects running under the same supervision. Therefore, it becomes necessary to understand the best practices for risk management in a parallel project operation environment. Though the issue is of high importance, yet not much has been discussed. This study was carried out in an enterprise environment whereby professionals of this field with high experience were interviewed and requested to share their experiences. The research results bear witness to the fact that risk is inevitable and leaves a strong negative impact on all the projects operating in parallel. As such there is a high need to understand the strategies and best practices that are being applied in this field to avoid heavy losses. We seek to apply lessons learned to managing the DBrain research project which has multiple collaborators working in parallel.

Item Type:	Conference or Workshop Item (Full Paper)
Additional Information:	6202/30846
Uncontrolled Keywords:	risk management; project management
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management T Technology > T Technology (General) > T55.4 Industrial engineering.Management engineering. > T58.5 Information technology T Technology > T Technology (General) > T55.4 Industrial engineering.Management engineering. > T58.6 Management information systems
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Information and Communication Technology > Department of Information System Kulliyyah of Information and Communication Technology > Department of Information System
Depositing User:	Jamaludin Ibrahim
Date Deposited:	15 Aug 2013 04:48
Last Modified:	15 Aug 2013 04:48
URI:	http://irep.iium.edu.my/id/eprint/30846

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