Is there a relationship between the risk breakdown structure method and the analytical hierarcy process in analyzing project risk factors and solving these risk problems? Are there other methods for analyzing project risk factors besides the above?
Hi Doni Triatmojo,
the Risk Breakdown Structure (RBS) method categorizes project risks, while the Analytical Hierarchy Process (AHP) prioritizes them. Other methods include Failure Mode and Effects Analysis (FMEA), Monte Carlo Simulation, Decision Tree Analysis, and SWOT Analysis. Each offers unique ways to identify and manage project risks.
thanks for your explaination Mahdi Farmanrava
As a thesis content on contract risk analysis, I combined RBS and AHP. I am also very familiar with SWOT.
For the FMEA, Monte Carlo Simulation, and Decision Tree Analysis methods, do you have any good references with journals or proceedings?
Doni Triatmojo For FMEA (Failure Mode and Effects Analysis), check out "Failure Mode and Effects Analysis: A Study on Mechanical Press Machine" by R. Indrajit and A. Mahalakshmi.
For Monte Carlo Simulation, "Monte Carlo Simulation: An Introduction with Application to Risk Management" by J. Lye is a good read.
And for Decision Tree Analysis, "A Decision Tree Approach for Risk Management in Construction Projects" by A. A. Ali is a valuable resource.
These should help you dive deeper into these methods for your thesis on contract risk analysis.
Mahdi Farmanrava thank you very much for the very helpful information
nice to communicate with you
I will be more enthusiastic in exploring the contents of the contract risk analysis.
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