Systemic risk elicitation: Using causal maps to engage stakeholders and build a comprehensive view of risks

Systemic risk elicitation: Using causal maps to engage stakeholders and build a comprehensive view of risks

0.00 Avg rating0 Votes
Article ID: iaor20141842
Volume: 238
Issue: 1
Start Page Number: 290
End Page Number: 299
Publication Date: Oct 2014
Journal: European Journal of Operational Research
Authors: , , , ,
Keywords: causal mapping
Abstract:

As evidenced through both a historical and contemporary number of reported over‐runs, managing projects can be a risky business. Managers are faced with the need to effectively work with a multitude of parties and deal with a wealth of interlocking uncertainties. This paper describes a modelling process developed to assist managers facing such situations. The process helps managers to develop a comprehensive appreciation of risks and gain an understanding of the impact of the interactions between these risks through explicitly engaging a wide stakeholder base using a group support system and causal mapping process. Using a real case the paper describes the modelling process and outcomes along with its implications, before reflecting on the insights, limitations and future research.

Reviews

Required fields are marked *. Your email address will not be published.