Risk and uncertainty in projects management: literature review and conceptual framework

This article analyzes the relationship between risk and uncertainty in Project Management.  The methodological approach selected is a systematic literature review, merging bibliometrics, network analysis and content analysis. The results present the most cited authors, keywords networks, research trends and gaps. Both definitions, risks and uncertainties, were analyzed. It could be verified that most publications use the terms as synonym.  This study described the conceptual model that could help research and organizations to understand the main construct and variables related to integrated management systems.

[1]  Young Hoon Kwak,et al.  Analyzing project management research: Perspectives from top management journals , 2009 .

[2]  Chris Chapman,et al.  Transforming project risk management into project uncertainty management , 2003 .

[3]  Ofer Zwikael,et al.  From Critical Success Factors to Critical Success Processes , 2006 .

[4]  Boulevard de Constance,et al.  On Uncertainty, Ambiguity, and Complexity in Project Management , 2002 .

[5]  Aaron J. Shenhar,et al.  One Size Does Not Fit All Projects: Exploring Classical Contingency Domains , 2001, Manag. Sci..

[6]  Geon-Cheol Shin,et al.  Project Management Characteristics and New Product Survival , 2003 .

[7]  Juite Wang,et al.  An overlapping process model to assess schedule risk for new product development , 2009, Comput. Ind. Eng..

[8]  Kalyan Singhal,et al.  Imperatives of the science of operations and supply-chain management , 2012 .

[9]  André Leme Fleury,et al.  An overview of the literature on technology roadmapping (TRM): Contributions and trends , 2013 .

[10]  Stephen A. Leybourne.  Managing improvisation within change management: Lessons from UK financial services , 2006 .

[11]  Lynda Aiman-Smith,et al.  Assessing a multidimensional measure of radical technological innovation , 1995 .

[12]  Pearl Brereton,et al.  Systematic literature reviews in software engineering - A systematic literature review , 2009, Inf. Softw. Technol..

[13]  C. Loch,et al.  Project Management Under Risk : Using the Real Options Approach to Evaluate Flexibility in R & D Arnd Huchzermeier , 1999 .

[14]  Ofer Zwikael,et al.  Planning effort as an effective risk management tool , 2007 .

[15]  Torgeir Dingsøyr,et al.  A decade of agile methodologies: Towards explaining agile software development , 2012, J. Syst. Softw..

[16]  Frederik Ahlemann,et al.  A process framework for theoretically grounded prescriptive research in the project management field , 2013 .

[17]  Hans J. Thamhain,et al.  Managing Risks in Complex Projects , 2013 .

[18]  Mariano Corso,et al.  A multi-project management framework for new product development , 1994 .

[19]  Pierpaolo Andriani,et al.  Managing knowledge associated with innovation , 2003 .

[20]  Kalyan Singhal,et al.  Opportunities for developing the science of operations and supply‐chain management , 2012 .

[21]  Rhonda K. Reger,et al.  A Content Analysis of the Content Analysis Literature in Organization Studies: Research Themes, Data Sources, and Methodological Refinements , 2007 .

[22]  Christoph H. Loch,et al.  Selectionism and Learning in Projects with Complexity and Unforeseeable Uncertainty , 2004, Manag. Sci..

[23]  Roque Moraes,et al.  Analise de conteudo , 1999 .

[24]  Marianne W. Lewis,et al.  PRODUCT DEVELOPMENT TENSIONS: EXPLORING CONTRASTING STYLES OF PROJECT MANAGEMENT , 2002 .

[25]  Aaron J. Shenhar,et al.  Refining the search for project success factors: a multivariate, typological approach , 2002 .

[26]  Harvey Maylor,et al.  Project management scholarship: Relevance, impact and five integrative challenges for business and management schools , 2012 .

[27]  A. Wald,et al.  A Bibliometric View on the Use of Contingency Theory in Project Management Research , 2012 .

[28]  Peter W. G. Morris,et al.  Practitioner development: From trained technicians to reflective practitioners , 2006 .

[29]  Jean Tague-Sutcliffe,et al.  An Introduction to Informetrics , 1992, Inf. Process. Manag..

[30]  Janice Thomas,et al.  Preparing project managers to deal with complexity – Advanced project management education , 2008 .

[31]  Mohan V. Tatikonda,et al.  Integrating Operations and Marketing Perspectives of Product Innovation: The Influence of Organizational Process Factors and Capabilities on Development Performance , 2001 .

[32]  S D Eppinger,et al.  Innovation at the speed of information. , 2001, Harvard business review.

[33]  Tyrone S. Pitsis,et al.  Governmentality Matters: Designing an Alliance Culture of Inter-Organizational Collaboration for Managing Projects , 2002 .

[34]  Mohan V. Tatikonda,et al.  Technology novelty, project complexity, and product development project execution success: a deeper look at task uncertainty in product innovation , 2000, IEEE Trans. Engineering Management.

[35]  A. Shenhar,et al.  Risk Management, Project Success, and Technological Uncertainty , 2002 .

[36]  Aayushi Gupta,et al.  Impact of organisational climate and demographics on project specific risks in context to Indian software industry , 2012 .

[37]  Gernot Grabher.  Learning in Projects, Remembering in Networks? , 2004 .

[38]  Kim Wikström,et al.  Defining uncertainty in projects – a new perspective , 2008 .

[39]  Thomas Lechler,et al.  Challenging Classic Project Management: Turning Project Uncertainties into Business Opportunities , 2012 .

[40]  Amrit Tiwana,et al.  Information Systems Project Continuation in Escalation Situations: A Real Options Model , 2006, Decis. Sci..