An Analysis of Project Risk Management and Contributing Factors

Abstract

To achieve successful outcomes, project managers must effectively resolve conflict situations during project management. In this study, we focus on developing a systemic approach to conflict management in project risk management and analyzing various factors contributing to conflict situations.  Using a structured questionnaire, we collected data from 200 risk analysts working in the software industry under the project management domain. The data were analyzed using probabilistic methods and statistical analysis to develop a systemic approach to conflict management. The questionnaire was designed to capture information on various factors that contribute to conflicts during project risk management, including the extent of exposure and multiple exposures. The study's findings reveal that a systemic approach to conflict management in project risk management is effective in minimizing the negative impacts of conflicts. Our analysis identified several contributing factors to conflicts, including poor communication, insufficient risk assessment, and unclear project goals. We propose a systemic approach to conflict management that involves identifying the contributing factors, assessing their severity, and developing appropriate conflict management strategies. The study's contributions include developing a systemic approach to conflict management in project risk management, identifying contributing factors to conflicts, and proposing effective conflict management strategies. The research findings have important implications for project managers who want to achieve good project results while avoiding the negative effects of conflict.