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Project Risk Management Incorporating Knight, Ellsberg & Kahneman

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  • Prpić, John

Abstract

This work investigates the Practice Standard for Project Risk Management (PSPRM) in light of the fundamental organizational risk research. As a result of this investigation, the work finds that the PSPRM is lacking some key concepts from the extant organizational risk literature and that other fundamental risk concepts are not applied in a manner consistent with the literature. Building on these findings, the work illustrates how project risk management and project risk research might be effected by these deficiencies and recommends some simple measures that could be implemented to usefully augment the PSPRM and project risk research. Prpić, J., (2016). Project Risk Management Incorporating Knight, Ellsberg & Kahneman. Proceedings of the Hawaii International Conference on System Sciences #49. January 2016, Kauai, Hawaii, USA. IEEE Computer Society Press

Suggested Citation

  • Prpić, John, 2017. "Project Risk Management Incorporating Knight, Ellsberg & Kahneman," SocArXiv yqhjx, Center for Open Science.
    • Handle: RePEc:osf:socarx:yqhjx
    DOI: 10.31219/osf.io/yqhjx
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    References listed on IDEAS

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