Author/Authors :
Rooholelm, V Department of Industrial Engineering - Najafabad Branch - Islamic Azad University - Najafabad, Iran , Aboumasoudi, Sheikh Department of Industrial Engineering - Najafabad Branch - Islamic Azad University - Najafabad, Iran
Abstract :
The passage of time always makes us aware of the issues around us. Time projects also reveal the
hidden issues of the project. So the logical step is to include transparent points in the project.
Stopping or slowing down the project process is necessary to apply these to the project, which will
delay the projects. So project managers need to tightly control project risk with reasonable costs.
Existence of delays is always an inseparable part of projects and subject of fundamental disagreements
among their stakeholders in all countries. As delay in projects is equal to increased costs, thus, by
having delay and spending too much cost out of the pre-planned cash
ow, a project can even reach
a point that it will get out of prot. In the present study the researchers believes that, risk of delays
should be managed, minimized, shared, transferred or accepted, but it cannot be ignored. Therefore,
it must be predicted, covered, managed and optimized. Now, the fact that any delay and prolongation
of project time results in signicant qualitative and quantitative costs more than the initial estimates
shows importance and necessity of research in this area. By providing an innovative method with
the help of the Work breakdown Structure, Baseline, Hierarchical Technique and Data Envelopment
Analysis (DEA), the researchers will control the risk of projects and even prevent them from occurring.
Keywords :
Work breakdown Structure (WBS) , Delays Risk , Project Risk Management , Data Envelopment Analysis (DEA) , Risk Cover- age