Systemic risk elicitation: Using causal maps to engage stakeholders and build a comprehensive view of risks
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 pro...
| Main Authors: | , , , , |
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| Format: | Journal Article |
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Elsevier BV * North-Holland
2014
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/42364 |
| _version_ | 1848756399534768128 |
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| author | Ackermann, Fran Howick, S. Quigley, J. Walls, L. Houghton, Tom |
| author_facet | Ackermann, Fran Howick, S. Quigley, J. Walls, L. Houghton, Tom |
| author_sort | Ackermann, Fran |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T09:11:35Z |
| format | Journal Article |
| id | curtin-20.500.11937-42364 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:11:35Z |
| publishDate | 2014 |
| publisher | Elsevier BV * North-Holland |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-423642017-09-13T14:26:11Z Systemic risk elicitation: Using causal maps to engage stakeholders and build a comprehensive view of risks Ackermann, Fran Howick, S. Quigley, J. Walls, L. Houghton, Tom Risk analysis Problem structuring group decision making 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. 2014 Journal Article http://hdl.handle.net/20.500.11937/42364 10.1016/j.ejor.2014.03.035 Elsevier BV * North-Holland restricted |
| spellingShingle | Risk analysis Problem structuring group decision making Ackermann, Fran Howick, S. Quigley, J. Walls, L. Houghton, Tom Systemic risk elicitation: Using causal maps to engage stakeholders and build a comprehensive view of risks |
| title | Systemic risk elicitation: Using causal maps to engage stakeholders and build a comprehensive view of risks |
| title_full | Systemic risk elicitation: Using causal maps to engage stakeholders and build a comprehensive view of risks |
| title_fullStr | Systemic risk elicitation: Using causal maps to engage stakeholders and build a comprehensive view of risks |
| title_full_unstemmed | Systemic risk elicitation: Using causal maps to engage stakeholders and build a comprehensive view of risks |
| title_short | Systemic risk elicitation: Using causal maps to engage stakeholders and build a comprehensive view of risks |
| title_sort | systemic risk elicitation: using causal maps to engage stakeholders and build a comprehensive view of risks |
| topic | Risk analysis Problem structuring group decision making |
| url | http://hdl.handle.net/20.500.11937/42364 |