Issue: 2022/Vol.32/No.2, Pages 125-136
PROJECT PRACTITIONER EXPERIENCE IN RISK RANKING ANALYSIS – AN EMPIRICAL STUDY IN MALAYSIA AND SINGAPORE
Der-Jiun Pang
, Kamran Shavarebi, Sokchoo Ng
Cite as: D. Pang, K. Shavarebi, S. Ng. Project practitioner experience in risk ranking analysis – an empirical study in Malaysia and Singapore. Operations Research and Decisions 2022: 32(2), 125-136. DOI 10.37190/ord220208
Abstract
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.
Keywords: ranking project risk, project management techniques, assessment tool, project management success, practitioner experience
Received: 25 January 2022 Accepted: 23 June 2022
Published online: 15 July 2022