Answer To: BUSI 682Annotated Bibliography: Global Projects Future Trends Assignment...
Dr Shweta answered on Feb 04 2023
Risk Assessment in Global Projects
To better scale and speed up resilience solutions, the United Nations Office for Disaster Risk Reduction (UNDRR) has developed the Global Risk Assessment Framework (GRAF). GRAF is a chance to pool our resources and expertise in order to increase the quality of our decision-making, deepen our knowledge of system impacts, enhance our ability to manage and reduce existing risk, and encourage greater financial and investment activity. qualitative risk assessment, quantitative risk assessment, generic risk assessment, site-specific risk assessment, and dynamic risk assessment are the five categories of risk assessments.
Annotated bibliography:
1. Chebotareva, Galina & Strielkowski, Wadim & Streimikiene, Dalia. (2020). Risk assessment in renewable energy projects: A case of Russia. Journal of Cleaner Production.
According to this article, investing in renewable resources (RES) could mitigate the effects of climate change and keep the world's energy supplies from running dry. However, it necessitates the use of government-funded schemes specifically designed to aid in and stimulate its development. The risks connected with RES projects are typically exacerbated by political uncertainties and poor state backing, which impedes their successful growth. As a result, it's crucial that we evaluate the viability of present government-sponsored policies on the expansion of renewable energy sources. This article discusses the findings of a theoretical investigation of the most common categories of Russian state assistance programmes for renewable energy. For the purpose of developing a concept of contest between conventional and renewable energy in the global energy market, it utilises an energy-specific linear regression that allows for the assessment of external and internal factors that have an influence on insolvency of the Russian RES projects, as well as studies the risk trends at all various stages of the life cycle of RES developments and evaluates the efficacy of authority based to support the RES sector.
2. Zhang, J., Wang, T., & Zhang, L. (2021). Legal risk assessment framework for international PPP projects based on meta network. Journal of construction engineering and management.
According to this article, the gradual expansion in the number of international public-private partnership (PPP) initiatives has coincided with the interconnectedness of global infrastructure. There is a substantial possibility of legal repercussions stemming from the international scope of these programmes. Due to their lengthy duration, international PPP projects may face unique and interconnected legal issues at various points. However, the linkage and change of statutory risk factors throughout stages has been neglected by prior risk assessment techniques, limiting their practical uses in risk management. To assess the legal risks throughout the life of the project in phases as well as to determine the relationships between various risk indicators, this research develops a Meta network analysis (MNA)-based legal risk analysis methodology for multinational PPP projects. In the end, the framework was implemented to a Peruvian multinational PPP project and now serves as a guide for overseas private contractors working on international PPP projects.
3. Bakhtawar, B., Thaheem, M. J., Arshad, H., Tariq, S., Mazher, K. M., Zayed, T., & Akhtar, N. (2022). A sustainability-based risk assessment for p3 projects using a simulation approach. Sustainability.
This article argues that integrating sustainability into risk management without reducing the quality of infrastructure provision is one of the field's greatest problems. When it comes to public-private partnerships (P3) and other large-scale initiatives, traditional techniques of project management have limited ability to counteract systematic dangers to the sociopolitical, financial, and ecological systems in the area. Regardless of the fact that P3 contracts are outcome-focused, the risks involved with those outcomes are rarely specified in current models. Given the project's potential impact on sustainability, personnel working on P3 projects must have a solid understanding of the many tools at their disposal for controlling risks. As there is no universally accepted definition of risk and many different ways in which it can be interpreted in the perspective of sustainability, it's indeed essential to use a pragmatic approach when evaluating the two together. This study provides a risk assessment approach for P3s in the transportation industry, with an eye toward long-term viability. In order to define probabilistic seismic hazard ranges and risk ranks over relevant triple-bottom-line-based social sustainability, the...