Open AccessAssessment of Options for Substantiating an Infrastructure Project Implementation Plan in the Presence of Associated Risks
Author(s) -
А. И. Денисова
Publication year - 2021
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/666/6/062075
Subject(s) - project risk management , computer science , python (programming language) , risk management plan , plan (archaeology) , project management , risk management , event (particle physics) , risk analysis (engineering) , risk assessment , operations research , systems engineering , project portfolio management , engineering , it risk management , business , physics , computer security , archaeology , finance , quantum mechanics , history , operating system
The study describes the approach to drawing up and evaluating project implementation plans in the presence of associated risks. Two alternative approaches to planning are considered and evaluated: network modeling and integer programming. It is assumed that the project risk is associated with a positive or negative event or a combination of them that may occur with some probability during the implementation of the project. Different scenarios are developed depending on the conditions under which risk events occur. The risk value for each scenario is estimated based on the expected values of the project’s financial characteristics. Scenario tests are performed for each approach. The described procedure is checked using an illustrative example of an infrastructure project which consists in laying a section of a gas pipeline on the seabed. A software package for project planning was developed taking into account the associated risks based on a scenario approach using the Python.