Paper and Presentation: The relation between risk management and project success: Utilizing big data analytics in Social media and literature database for understanding public perceptions towards risk
Abstract: Risk is a matter of perception; people perceive risk in different ways to each other. This may be an outcome of tradition, culture, habit, and way of thinking. People have a different attitude to the way that they perform risk management; some of them do it more than others or others do not do it at all, because is seen as unnecessary overhead. Human perception in the execution of the risk management process plays a vital role in the successful deployment of the process. Previous studies have shown that risk management is an essential tool for project management and could increase the chance of successfully meeting project objectives. In addition, risk management have been also seen as a tool of allowing the project team to communicate risk information for use in forecasting project outcome and to inform decision making towards balancing threats and opportunities. The aim of this research is to gain insights from academic and public perspectives about the perception of risk management in relation to project success. As a general concept project success has received a considerable attention with the project management literature over the last three decades (IKA, 2009, Pinto & Slevin, 1988 cited in Mclead et al, 2012). To date various traditional methods have been developed to investigate risk management and project success. This research is using data from social media and from an academic literature database. Hence, in order to investigate a large database of academic papers on project success, and reach reliable conclusions, this work deployed in the research methodology the use of machine learning algorithms. In particular, a novel bibliometric procedure developed in Plevris et al. (2017) was utilized to analyze the current work’s database. Then in order to identify different patterns and people opinion the research looked on public perception for risk management leveraging data derived from twitter and analysed using big data analytics techniques. The present study provides additional evidence with respect to the relation between risk management, project success and people’s perception.
PMI Talent Triangle: Technical
Biography: Over ten years’ of experience in Risk Management from both Academia and Industry, with numerous of years in the implementation, development, improvement and management of risk frameworks, tools and techniques. An individual who can be exposed to a wide range of areas and proves the ability to manage, lead projects, influence, manage people, motivates and drives change in different environments. Portfolio of Achievements Include:
- Created and Managed the BUiD PMO office.
- Launched and managed the Dubai Centre for Risk Management.
- Developed and execute a risk strategy to support a bid for a £7.2bn.
- Managed the Risk and Business Continuity Management process for Rolls-Royce Supply Chain. Identified and improved risk maturity for 1200 suppliers.
- Managed and Designed the Supply Chain Risk Management strategic framework in Rolls Royce.
- Accredited Rolls-Royce Risk Facilitator and Risk Mentor (Subject matter expert).
- Lead and organized benchmarking sessions between organisations (e.g. Zurich, Cisco and Rolls-Royce)
- Lead, designed and managed quality processes.
- Lead the Suppliers Delivery failures Investigation process in Rolls-Royce
Degree / Professional Qualification’s
- PhD in Risk Management-School of Mechanical Aerospace & Civil Engineering, The University of Manchester
- MSc Management of Projects-School of Mechanical Aerospace & Civil Engineering, The University of Manchester
- BSc Business Economics- Business School, Salford University
- Certificate of Scholarship BSc Business Economics- IPAG University, Nice, (Monaco) France
- Foundation degree in International Business, Salford University
- Senior Relationship Manager –Risk Manager, The University of Manchester (2014 – Present)
- Supply Chain Risk Manager (Global leader), Rolls-Royce plc. (2011 – 2014)
- Interim Head of Risk (UKNR), Rolls-Royce plc. UK Nuclear Restoration (UKNR) (2013)
- Enterprise Risk Management professional, Rolls-Royce plc. (2010 – 2011)