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Modeling and risk analysis of virtual project team through project life cycle with fuzzy approach

Author

Listed:
  • Mona Ghaffari

    (Alzahra University)

  • Farrokh Sheikhahmadi

    (Métis Lab EM Normandie - EM Normandie - École de Management de Normandie = EM Normandie Business School)

  • Gholamreza Safakish

    (Alzahra University)

Abstract

The ongoing revolutions in e-business and progresses of IT and communication, has resulted in the increasing number of companies with formal virtual project teams. In such situation, Uncertainty analysis gains more importance, being conducted within risk management framework. In this paper, based on the six phases of risk management procedure in PMBOK methodology, a risk management process in virtual projects is introduced. In qualitative analysis phase (of PMBOK methodology), the most effective factors of project management in virtual project teams are prioritized. In quantitative analysis phase, for the very first time, "Fuzzy Linear Programming Model" is employed to assess project risks based on project life cycle. Also given time and budget constraints, a method for developing appropriate strategies of reacting to each risk factor is introduced. We use GAMS (General Algebraic Modeling System) to select these strategies. Finally, we test our model in a numerical example, as evidence.

Suggested Citation

  • Mona Ghaffari & Farrokh Sheikhahmadi & Gholamreza Safakish, 2014. "Modeling and risk analysis of virtual project team through project life cycle with fuzzy approach," Post-Print hal-05517271, HAL.
    • Handle: RePEc:hal:journl:hal-05517271
    DOI: 10.1016/j.cie.2014.02.011
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