Learning from risks: A tool for post-project risk assessment

Risk management (RM) comprises of risk identification, risk analysis, response planning, monitoring and action planning tasks that are carried out throughout the life cycle of a project in order to ensure that project objectives are met. Although the methodological aspects of RM are well-defined, the philosophical background is rather vague. In this paper, a learning-based approach is proposed. In order to implement this approach in practice, a tool has been developed to facilitate construction of a lessons learned database that contains risk-related information and risk assessment throughout the life cycle of a project. The tool is tested on a real construction project. The case study findings demonstrate that it can be used for storing as well as updating risk-related information and finally, carrying out a post-project appraisal. The major weaknesses of the tool are identified as, subjectivity of the risk rating process and unwillingness of people to enter information about reasons of failure.


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Risk management (RM) is about identifying risk factors, analyzing their impacts on project success, and developing management strategies to mitigate them. Learning from previous projects to make better predictions in forthcoming projects is critical for the success of RM activities. Many construction companies conduct post-project reviews (PPRs) to record lessons learned (LL) from projects. However, if these reports do not contain the necessary risk-related information and are not prepared and stored ...
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The current techniques of risk assessment rely on checklists and human expertise. This constitutes a rigorous approach only when the people are experts on risk assessment. This thesis introduces a formal method and addresses the necessity of the identification and analysis of the risk. During implementation of risk management process, risk assessment will be discussed within an acquisition of software intensive systems in the Turkish Army. This thesis includes a survey and comparison of other software risk ...
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Project Risk Management (PRM) comprises of identification and assessment, analysis and mitigation of risk factors in order to meet the project objectives. Risk identification and assessment process has the greatest importance as the risk models are constructed based on previously defined risk sources and their interrelations. Although previous studies have concentrated on the relation between risk events and their consequences, the link between them must be modeled by considering the various chains of risk ...
Citation Formats
İ. Dikmen Toker, M. T. Birgönül, and G. Aouad, “Learning from risks: A tool for post-project risk assessment,” AUTOMATION IN CONSTRUCTION, pp. 42–50, 2008, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/43885.