Strathclyde Business School, University of Strathclyde, Glasgow, UK
„Projects – why do they so often go horribly wrong: the role of systemic risk management”
Abstract
Most of us spend much of our lives as a part of projects. Developing Artificial Cognitive Capabilities and Intelligent Vehicle and Transportation Systems are projects, and each demand careful and effective project management, and project management involves effective risk assessment and mitigation. Projects work toward a goal, trying to meet a deadline, and remain within a budget. Projects face many risks, and these risks are systemically linked.
My talk is grounded in my experience in the analysis of failed projects that have led to litigation. The presentation will explore some of the significant dangers in projects such as these. It turns out that the characteristics of these projects are similar to those in software systems development, and some were directly related to such developments. The focus of my talk are the systemic disasters that follow from disruptions and delays (D&D). Considering risks as systemic is crucial, and so we developed an effective method for systemic risk assessment and mitigation. The method involves the use of causal/strategy mapping via a cloud-based group support system. The talk will illustrate, through real case examples, how the method is used.
Biography
Colin Eden is a leading scholar in the field of management science. He is well published in the field with over 180 peer reviewed papers (google cites >27,000 and h-index of 72).