Predicting the Impact of Multiple Risks on Project Performance

A Scenario-Based Approach

This article suggests a scenario-based approach to properly managing risks during the lifetime of a project. Our proposal aims at giving managers a structured process to predicting the impact of the occurrence of multiple risks that can affect project performance. This is a product of combining Cross-Impact Analysis (CIA) and Interpretive Structural Modeling (ISM) mechanics, which improve the predictive capacity of existing risk analysis techniques. In order to validate their risk predictions, we compare them with a sample of real projects carried out in an engineering company. The findings show a high explanatory capacity to forecast project risk influences.
member content locked
PMI member benefit.

or Join



Related Content

  • Project Management Journal

    Corruption as a Source of Government Project Failure in Developing Countries member content locked

    By Damoah, Isaac Sakyi | Akwei, Cynthia A. | Amoako, Isaac Oduro | Botchie, David This study explores how corruption impacts the failure of government projects in developing countries with evidence from the Ghanaian context. This study solicits the perceptions of project…

  • PM Network

    Blind Spots member content locked

    By Barger, Robert It's risk management 101: You've probably been taught to identify all possible risks, document them, communicate them and develop a plan for handling them. But this traditional risk management…

  • PM Network

    Threat Awareness member content locked

    By Parsi, Novid Business leaders agree: Risk registers are getting more crowded. Yet fewer organizations are closely managing risks.

  • PM Network

    Power Struggle member content locked

    By Parsi, Novid When Hurricane Maria blew through Puerto Rico in September, every single home and business on the U.S. island lost power. The U.S. Army Corps of Engineers (USACE) and its recovery program teams…

  • PM Network

    Charitable Risks member content locked

    By Stasik, Trevor A project is a project no matter where you work. But project management in the nonprofit world can bring unique obstacles. Some of these challenges are common among all nonprofits, while others are…


Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.