Applied-Information Technology in Project Portfolio Risk Management System Based on Hall's Three-Dimensional Structure

Abstract:

Project portfolio management involves multiple projects, of which risk regulation is different from the risk regulation of single projects especially in information technology application. In addition to considering each project's own risk, it must consider risk of project portfolio from a broader perspective. Issues of risk regulation are more complex, therefore its risk regulation requires new management approaches. This paper draws on Hall's three-dimensional management structure, respectively, from the four aspects: project portfolio management process, project portfolio risk regulation process, project portfolio risk regulation approach and project portfolio risk regulation organization, to establish a project portfolio risk regulation four-dimensional system (tlkc system) by applied-information technology. It provides a theoretical guidance for current risk regulation of project portfolio management, contributes project-oriented enterprises to establish suitable project portfolio risk regulation measures with their own circumstances, which is a necessary complement for project portfolio theory.

• Periodical: Advanced Materials Research (Volume 1046)
• Pages: 538-544
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.1046.538
• Online since: October 2014
• Authors: Yun Na Wu, Chao Liu*, Hu Xu
• Keywords: Hall Three-Dimensional Structure, Project Portfolio Management, Risk Regulation

References

[1] QIU Wanhua. Modern project risk regulation methods and practices [M]. Beijing: Science Press.

[2] Gareis R．Programme Management and Project Portfolio Management：New Competences of Project—oriented Organizations[C]．Vienna：Project Management Austria, 2000: 3-5.

[3] C. B. Chapman, Stephen Ward, Stephen C. Ward. Project Risk regulation: Processes, Techniques and Insights [M]．John Wiley, (1997).

[4] Tang Xiaoli, Feng Junwen, Wang Xuerong. Project risk regulation based on network analysis [J]. Statistics and Decision, 2005, (16): 147-148.

[5] Ding Xiangqian, Shi Shuo. Analytic hierarchy process in project risk regulation [J]. Journal of Ocean University of China, 2004, 34 (1): 97-102.

[6] Yang Yuwu. The research of cognition difference and its impact on project risk regulation [J]. Modern Management Science, 2012, (3): 46-48.

[7] Anuradha Najapakse, et al. Integrated approach to improving the value potential of biopharmaceutical R&D portfolios while mitigating risk [J]．Journal of chemical technology and biotechnology, 2006, 81: 1705—1714.

DOI: 10.1002/jctb.1595

[8] Franco Caron et al．Engineering and contracting projects: A value at risk based approach to portfolio balancing [J]．International journal of project management, 2007, 25: 569—578.

DOI: 10.1016/j.ijproman.2007.01.016

[9] Qi Anbang, Liu Guangping. The research of portfolio risk regulation approach based on the knowledge gap [J]. Science and Technology Management Research, 2010, 30 (3): 154-156.

[10] Zhan Wei, Wang Zhaohong, Chen Changfu. The research of enterprise project portfolio risk regulation model [C]. Beijing: Chinese Society for Optimization, Overall Planning and Economic Mathematics, Chinese Public Administration Society, (2009).

[11] Yang Linquan. 2005. Management systems engineering [M]. Guangzhou: Jinan University Press, (2005).

[12] Yang Yang, Zhao Yingchao, Ma Youcai. The research of project risk dynamic management based on Hall's three-dimensional structure [J]. Science and Technology Management Research, 2010, 30 (13): 281-282.

[13] Li Jinhai. The research of project risk integrated management based on Hall's three-dimensional structure [J]. Journal of Hebei University of Technology, 2008, 37 (4): 25-29.

[14] Adri Platje, Harald Seidel, Sipke Wadman. Project and portfolio planning cycle Project-based management for the multiproject challenge [J]. International Journal of Project Management, 2002, 12(2): 100-106.

DOI: 10.1016/0263-7863(94)90016-7

[15] Project Management Institute. Project Portfolio Management Standard (Version 2) [M]. Beijing: Electronic Industry Press, (2009).