projectmanagement: projectmanagement Bayesian Network

In bnRep: A Repository of Bayesian Networks from the Academic Literature

projectmanagement Bayesian Network

Description

Project Complexity and Risk Management (ProCRiM): Towards modelling project complexity driven risk paths in construction projects.

Format

A discrete Bayesian network to identify critical risks and selecting optimal risk mitigation strategies at the commencement stage of a project. Probabilities were given within the referenced paper (uniform priors were given to root nodes). The vertices are:

C1

Lack of experience with the involved team (YES, NO);

C2

Use of innovative technology (YES, NO);

C3

Lack of experience with technology (YES, NO);

C4

Strict quality requirements (YES, NO);

C5

Multiple contracts (YES, NO);

C6

Multiple stakeholders and variety of perspectives (YES, NO);

C7

Political instability (YES, NO);

C8

Susceptibility to natural disasters (YES, NO);

R1

Contactor's lack of experience (YES, NO);

R2

Suppliers' default (YES, NO);

R3

Delays in design and regulatory approvals (YES, NO);

R4

Contract related problems (YES, NO);

R5

Economic issues in country (YES, NO);

R6

Major design changes (YES, NO);

R7

Delays in obtaining raw material (YES, NO);

R8

Non-availability of local resources (YES, NO);

R9

Unexpected events (YES, NO);

R10

Increase in raw material price (YES, NO);

R11

Changes in project specifications (YES, NO);

R12

Conflicts with project stakeholders (YES, NO);

R13

Decrease in productivity (YES, NO);

R14

Delays/interruptions (YES, NO);

O1

Decrease in quality of work (YES, NO);

O2

Low market share/reputational issues (YES, NO);

O3

Time overruns (YES, NO);

O4

Cost overruns (YES, NO);

Value

An object of class bn.fit. Refer to the documentation of bnlearn for details.

References

Qazi, A., Quigley, J., Dickson, A., & Kirytopoulos, K. (2016). Project Complexity and Risk Management (ProCRiM): Towards modelling project complexity driven risk paths in construction projects. International Journal of Project Management, 34(7), 1183-1198.

bnRep documentation built on April 12, 2025, 1:13 a.m.