Skip to main content

Ontology Driven Feedforward Risk Management

  • Conference paper
  • First Online:
Book cover New Knowledge in Information Systems and Technologies (WorldCIST'19 2019)

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 930))

Included in the following conference series:

Abstract

Organizations are increasingly relying on projects to support their activities. With this increase, the management of these projects is becoming critical. New methods, tools and frameworks appear in order to improve the success rate of these projects. However, being complex endeavours, projects face numerous challenges that have to be addressed with proper risk management. Various risk management frameworks have been developed in order to support project managers in their task of identifying and controlling risk. Although these frameworks are effective in reducing the impact of risk, they are slow to implement. In order to more productively address these risks, we have developed an ontology to support feedforward risk management. This ontology can be implemented in project management software to provide project managers with a multi-level approach of the risks associated with their projects. The scope and breadth of the risks identified by the software will be closely related to the project data collected in the system, reducing the need for a lengthy setup. Moreover, using data collected by the project management software, the system will be able to proactively raise management awareness towards potential upcoming issues.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Whitley, R.: Project-based firms: new organizational form or variations on a theme? Ind. Corp. Change 15(1), 77–99 (2006)

    Article  MathSciNet  Google Scholar 

  2. Clancy, T.: The Standish Group CHAOS Report, Project Smart (2014)

    Google Scholar 

  3. Eveleens, J.L., Verhoef, C.: The rise and fall of the chaos report figures. IEEE Softw. 27(1), 30–36 (2009)

    Article  Google Scholar 

  4. de Bakker, K., Boonstra, A., Wortmann, H.: Does risk management contribute to IT project success? A meta-analysis of empirical evidence. Int. J. Proj. Manag. 28(5), 493–503 (2010)

    Article  Google Scholar 

  5. Huchzermeier, A., Loch, C.H.: Project management under risk: using the real options approach to evaluate flexibility in R…D. Manag. Sci. 47(1), 85–101 (2001)

    Article  Google Scholar 

  6. Raz, T., Shenhar, A.J., Dvir, D.: Risk management, project success, and technological uncertainty. RD Manag. 32(2), 101–109 (2002)

    Google Scholar 

  7. Todorović, M.L., Petrović, D.Č., Mihić, M.M., Obradović, V.L., Bushuyev, S.D.: Project success analysis framework: a knowledge-based approach in project management. Int. J. Proj. Manag. 33(4), 772–783 (2015)

    Article  Google Scholar 

  8. Doty, D.H., Glick, W.H.: Typologies as a unique form of theory building: toward improved understanding and modeling. Acad. Manag. Rev. 19(2), 230–251 (1994)

    Article  Google Scholar 

  9. Hillson, D.: Using a risk breakdown structure in project management. J. Facil. Manag. 2(1), 85–97 (2003)

    Article  Google Scholar 

  10. Hall, D.C., Hulett, D.T., Graves, R.: Universal Risk Project—Final report, PMI Risk SIG (2002)

    Google Scholar 

  11. Barki, H., Rivard, S., Talbot, J.: Toward an assessment of software development risk. J. Manag. Inf. Syst. 10(2), 203–225 (1993)

    Article  Google Scholar 

  12. Bourdeau, S., Rivard, S., Barki, H.: Evaluation du risque en gestion de projets. CIRANO Sci. Ser. 47, 3–45 (2003)

    Google Scholar 

  13. Guarino, N.: Formal Ontology in Information Systems: Proceedings of the First International Conference (FOIS 1998), 6–8 June 1998, Trento, Italy, vol. 46. IOS Press (1998)

    Google Scholar 

  14. Berners-Lee, T., Fischetti, M.: Weaving the Web: The Original Design and Ultimate Destiny of the World Wide Web by Its Inventor. DIANE Publishing Company (2001)

    Google Scholar 

  15. Gómez-Pérez, A., Fernández-Lopez, M., Corcho, O.: Ontological Engineering: With Examples from the Areas of Knowledge Management, Ecommerce and the Semantic Web. Springer, London (2004)

    Google Scholar 

  16. Bedini, I., Nguyen, B.: Automatic ontology generation: state of the art. PRiSM Laboratory, Technical report, University of Versailles (2007)

    Google Scholar 

  17. Asim, M.N., Wasim, M., Khan, M.U.G., Mahmood, W., Abbasi, H.M.: A survey of ontology learning techniques and applications. Database 2018(1), bay101 (2018)

    Google Scholar 

  18. Fernández-López, M., Gómez-Pérez, A., Juristo, N.: METHONTOLOGY: from ontological art towards ontological engineering. In: Proceedings of the Ontological Engineering AAAI-97 Spring Symposium Series, Stanford University, EEUU (1997)

    Google Scholar 

  19. Uschold, M., Gruninger, M.: Ontologies: principles, methods and applications. Knowl. Eng. Rev. 11(2), 93–136 (1996)

    Article  Google Scholar 

  20. Corcho, O., Fernández-López, M., Gómez-Pérez, A.: Methodologies, tools and languages for building ontologies. Where is their meeting point? Data Knowl. Eng. 46(1), 41–64 (2003)

    Article  Google Scholar 

  21. Antoniou, G., van Harmelen, F.: Web ontology language: OWL. In: Staab, S., Studer, R. (eds.) Handbook on Ontologies, pp. 67–92. Springer, Heidelberg (2004)

    Google Scholar 

  22. Hermanson, D.R., Hermanson, H.M.: The internal control paradox: what every manager should know. Rev. Bus. 16(2), 4 (1994)

    Google Scholar 

Download references

Acknowledgement

We are grateful to the Swiss Commission for Technology and Innovation which provided partial funding for this work (grant number 19311.1 PFES-ES).

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Ulysse Rosselet .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2019 Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Gaspoz, C., Rosselet, U., Rossi, M., Thomet, M. (2019). Ontology Driven Feedforward Risk Management. In: Rocha, Á., Adeli, H., Reis, L., Costanzo, S. (eds) New Knowledge in Information Systems and Technologies. WorldCIST'19 2019. Advances in Intelligent Systems and Computing, vol 930. Springer, Cham. https://doi.org/10.1007/978-3-030-16181-1_24

Download citation

Publish with us

Policies and ethics