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Project practitioner experience in risk ranking analysis – an empirical study in Malaysia and Singapore

Despite the Information Technology (IT) sector’s continuing growth driving massive demand for IT project practitioners, the high failure rate of IT projects has caused enormous losses for many organizations. Establishing effective and proactive practice for project risk management (PRM) is imperativ...

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Main Authors: Pang, Der-Jiun, Shavarebi, Kamran, Ng, Sokchoo
Format: Article
Published: Wroclaw University of Science and Technology 2022
Subjects:
T Technology (General)
TH Building construction
Online Access:http://eprints.um.edu.my/43883/
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id my.um.eprints.43883
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spelling my.um.eprints.438832023-12-04T06:54:25Z http://eprints.um.edu.my/43883/ Project practitioner experience in risk ranking analysis – an empirical study in Malaysia and Singapore Pang, Der-Jiun Shavarebi, Kamran Ng, Sokchoo T Technology (General) TH Building construction Despite the Information Technology (IT) sector’s continuing growth driving massive demand for IT project practitioners, the high failure rate of IT projects has caused enormous losses for many organizations. Establishing effective and proactive practice for project risk management (PRM) is imperative. Risk exposure scoring is becoming a critical risk classifier in prioritizing items in descending order, developing plans to address the most significant factors, and leaving the rest on a “watch list”. This study analyzes responses from targeted project managers (PM) in Malaysia-Singapore to a survey. The author ranked the intrinsic risk of projects and investigated the effect of a project practitioner’s level of experience in risk assessment. The results indicated that a project practitioner’s assessments of risk depend on the number of years of experience acquired. © 2022 Authors. Wroclaw University of Science and Technology 2022 Article PeerReviewed Pang, Der-Jiun and Shavarebi, Kamran and Ng, Sokchoo (2022) Project practitioner experience in risk ranking analysis – an empirical study in Malaysia and Singapore. Operations Research and Decisions, 32 (2). pp. 125-136. ISSN 20818858, DOI https://doi.org/10.37190/ord220208 <https://doi.org/10.37190/ord220208>. 10.37190/ord220208
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic T Technology (General)
TH Building construction
spellingShingle T Technology (General)
TH Building construction
Pang, Der-Jiun
Shavarebi, Kamran
Ng, Sokchoo
Project practitioner experience in risk ranking analysis – an empirical study in Malaysia and Singapore
description Despite the Information Technology (IT) sector’s continuing growth driving massive demand for IT project practitioners, the high failure rate of IT projects has caused enormous losses for many organizations. Establishing effective and proactive practice for project risk management (PRM) is imperative. Risk exposure scoring is becoming a critical risk classifier in prioritizing items in descending order, developing plans to address the most significant factors, and leaving the rest on a “watch list”. This study analyzes responses from targeted project managers (PM) in Malaysia-Singapore to a survey. The author ranked the intrinsic risk of projects and investigated the effect of a project practitioner’s level of experience in risk assessment. The results indicated that a project practitioner’s assessments of risk depend on the number of years of experience acquired. © 2022 Authors.
format Article
author Pang, Der-Jiun
Shavarebi, Kamran
Ng, Sokchoo
author_facet Pang, Der-Jiun
Shavarebi, Kamran
Ng, Sokchoo
author_sort Pang, Der-Jiun
title Project practitioner experience in risk ranking analysis – an empirical study in Malaysia and Singapore
title_short Project practitioner experience in risk ranking analysis – an empirical study in Malaysia and Singapore
title_full Project practitioner experience in risk ranking analysis – an empirical study in Malaysia and Singapore
title_fullStr Project practitioner experience in risk ranking analysis – an empirical study in Malaysia and Singapore
title_full_unstemmed Project practitioner experience in risk ranking analysis – an empirical study in Malaysia and Singapore
title_sort project practitioner experience in risk ranking analysis – an empirical study in malaysia and singapore
publisher Wroclaw University of Science and Technology
publishDate 2022
url http://eprints.um.edu.my/43883/
_version_ 1784586078586404864
score 13.211869

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