Framework for Risk Management in Project Management
Ogbebor, Itadon (2024)
2024
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2024061222934
https://urn.fi/URN:NBN:fi:amk-2024061222934
Tiivistelmä
This thesis addresses the need for an optimized risk management framework tailored to the specific requirements of Akosis Technologies, an IT company in Abuja. This study aims to identify the risk management practices used in project management at the case company and develop a framework for enhancing it, thereby contributing to its operational efficiency and project success. A comprehensive risk management framework is developed by analyzing existing processes, conducting thematic interviews, and integrating theoretical frameworks such as the PMBOK and ISO 31000 standards.
The development task involves understanding the current risk management state of Akosis Technologies, identifying areas for improvement, and proposing a new risk management framework. The theoretical framework is based on established models such as the PMBOK framework and ISO 31000 standard, providing a solid foundation for the development process. Methods include case study analysis, thematic interviews with project management stakeholders, and qualitative data analysis techniques. The key results include insights into the company's current risk management practices, identifying areas for optimization, and proposing a new risk management framework.
The analysis of the results reveals alignment with existing project management practices, integrating ISO 31000 standards, and introducing a graded approach to risk mitigation planning. The proposed framework offers a structured and cohesive approach to risk management tailored to the specific needs of Akosis Technologies. Conclusions drawn from the analysis suggest that the proposed framework has the potential to enhance the company's risk management practices, improve project outcomes, and foster organizational resilience. Recommendations include the implementation of the proposed framework, ongoing monitoring and evaluation, and continuous improvement efforts.
Keywords: Risk management, Project management, PMBOK framework, ISO 31000, Optimization.
The development task involves understanding the current risk management state of Akosis Technologies, identifying areas for improvement, and proposing a new risk management framework. The theoretical framework is based on established models such as the PMBOK framework and ISO 31000 standard, providing a solid foundation for the development process. Methods include case study analysis, thematic interviews with project management stakeholders, and qualitative data analysis techniques. The key results include insights into the company's current risk management practices, identifying areas for optimization, and proposing a new risk management framework.
The analysis of the results reveals alignment with existing project management practices, integrating ISO 31000 standards, and introducing a graded approach to risk mitigation planning. The proposed framework offers a structured and cohesive approach to risk management tailored to the specific needs of Akosis Technologies. Conclusions drawn from the analysis suggest that the proposed framework has the potential to enhance the company's risk management practices, improve project outcomes, and foster organizational resilience. Recommendations include the implementation of the proposed framework, ongoing monitoring and evaluation, and continuous improvement efforts.
Keywords: Risk management, Project management, PMBOK framework, ISO 31000, Optimization.