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Fuzzy Quantitative and Semi-Qualitative Risk Assessment in Projects

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  • Mohamamd Abdolshah

    (Department of Industrial Engineering, Semnan Branch, Islamic Azad University, Semnan, Iran)

Abstract

Before initiating a project, risks assessment, is a process that its importance has felt in past two decades and has taken a position in project activities. Project's managers apply risk assessment as a preventive method for highly possible risks having an unfavorable influence on project objectives. Risk assessment has implemented in three ways: qualitative, semi-qualitative (semi-qualitative) and quantitative. In this paper, the author reviews quantitative and semi-qualitative risk assessment methods in associated with fuzzy sets theory (FST). Moreover, considering three steps of risk assessment process, namely: definition and measurement of parameters, fuzzy inference and defuzzification, the author classified presented articles into three groups of giving opinion methods, assessment methods and defuzzification methods. It is avoided mentioning articles with same assessment methods in this paper. Although giving opinion methods and defuzzification methods have the potential to be worked on, late risk assessment surveys, demonstrate increasing attempt on developing comprehension and reality adjustment in project risk assessment methodologies.

Suggested Citation

  • Mohamamd Abdolshah, 2015. "Fuzzy Quantitative and Semi-Qualitative Risk Assessment in Projects," International Journal of Risk and Contingency Management (IJRCM), IGI Global, vol. 4(2), pages 20-30, April.
    • Handle: RePEc:igg:jrcm00:v:4:y:2015:i:2:p:20-30
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