Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/339873 
Year of Publication: 
2024
Citation: 
[Journal:] Project Leadership and Society (PLAS) [ISSN:] 2666-7215 [Volume:] 5 [Article No.:] 100141 [Year:] 2024 [Pages:] 1-10
Publisher: 
Elsevier, Amsterdam
Abstract: 
Risk assessment is aimed at providing necessary risk-related information to decision-makers for formulating risk mitigation strategies. Poor communication of its context and outputs may lead to misperceptions and wrong judgements. In this research, the role of visualization as an enabler of better communication of risk assessment information is explored using a design science approach. A questionnaire was carried out with project management professionals using the risk report of a case project to understand challenges in interpretation of risk assessment outputs, information and visualization requirements for making better sense of project risk. Based on the findings from the questionnaire, a visual representation, the Risk Box was developed and further tested by semi-structured interviews. Findings reveal that visuals are not only needed for better understanding of probabilistic information but also the context of risk assessment such as relations between individual risks, risk-prone variables, assumptions, scenarios and mitigation strategies.
Subjects: 
Information
Monte Carlo simulation
Risk communication
Risk management
Visualization
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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