Identifying and managing risk in mega-projects: the case of automotive test center project in Turkey

Download

index.pdf

Date

2019

Author

Ayvazoğlu, Buğra

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

234
views

102
downloads

The issue of risk assessment in projects has attracted considerable attention in both practice and the literature. Although the number of studies investigating large-scale engineering projects (construction, rail system projects, power plants, etc.) has been increasing, majority of them focus on private sector. In this thesis, it is specifically focused on a current, mega-project where both governmental and private organizations participate, namely the Automotive Test Center Project carried out in Turkey. This megaproject is investigated in three steps: i) risk identification, ii) risk assessment/ measurement, and iii) risk management stages. Furthermore, due to the heterogeneity of the parties involved, risk perceptions of different stakeholders are also examined. Adopting a single case study approach, data is collected via three main sources: archival data, survey data with 47 respondents, and five detailed interviews conducted with the main governmental contractor.

Subject Keywords

Risk assessment., Project Management, Risk Management, Risk Identification, Risk Assessment, Risk Perception.

URI

http://etd.lib.metu.edu.tr/upload/12624096/index.pdf
https://hdl.handle.net/11511/44985

Collections

Graduate School of Social Sciences, Thesis

Suggestions

OpenMETU
Core

A risk management approach for acquisition of software intensive systems in the Turkish Army. Saylan, Necip; Demirös, Elif; Demirös, Onur; Department of Information Systems (2002) 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 ...
Application of a risk visualization framework using semantic risk data to empower risk communication Ertaymaz, Muzaffer Uğurcan; Atasoy Özcan, Güzide; Department of Civil Engineering (2020) Risk communication is one of the major factors that effects the success of a project. Conventional risk management focuses on risk checklists and matrices, and considerable amount of risk information is discarded and not communicated. Without communicating the necessary risk information, risk management strategies cannot be applied effectively. The purpose of this study is to develop a systematic and practical risk visualization framework that shall improve the risk communication strategies. The proposed fr...
Seeing the risk picture: Visualization of project risk information Dikmen Toker, İrem (2020-01-01) Risk assessment is carried out to understand uncertainties and estimate how they may affect a project. Although there are various studies on alternative methods to quantify risk in projects, limited research exists about how the results are utilized to make sense of project risk by the decision-makers. Probabilistic methods such as Monte Carlo Simulation involve an additional complication as probability is an abstract concept and hard to interpret. We argue that blurred risk pictures as well as lack of fami...
Narratives of Project Risk Management: From Scientific Rationality to the Discursive Nature of Identity Work Green, Stuart D.; Dikmen Toker, İrem (2022-12-01) The dominant narrative of project risk management pays homage to scientific rationality while conceptualizing risk as objective fact. Yet doubts remain regarding the extent to which the advocated quantitative techniques are used in practice. An established counternarrative advocates the importance of intuition and subjective judgment. New insights are developed by conceptualizing risk as a narrative construct used for the purposes of identity work. Project-based practitioners are seen to mobilize resources ...
A critical review of risk management support tools Dikmen Toker, İrem; Birgönül, Mustafa Talat (null; 2004-09-03) It has been claimed by many researchers that "a risk driven approach" to project management is necessary to increase the success of construction projects. Literature is very rich in conceptual frameworks to overcome the informality of risk management efforts. However, risk management paradigms exist as methodologies rather than systems which can fully support the risk management process. The existing risk management support tools are usually based on quantitative risk analysis whereas the other phases are c...

Citation Formats

B. Ayvazoğlu, “Identifying and managing risk in mega-projects: the case of automotive test center project in Turkey,” Thesis (M.S.) -- Graduate School of Social Sciences. Business Administration., Middle East Technical University, 2019.