Chapter 18 - Computer Applications

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Questions and Answers

What is a key consideration for project organisations in employing computerised software applications for project risk management?

The scope of functional requirements

What is the role of tables and matrices in project risk management?

Recording information about factors and criteria

What is a characteristic of standard spreadsheeting software applications?

They are 'semi-passive' and require users to enter data

Why is it important for project organisations to consider the transparency of the application in project risk management?

To avoid the 'black box' syndrome Signup and view all the answers

What is a crucial factor for project organisations to assess in employing computerised software applications for project risk management?

What trust can be placed in the application outputs Signup and view all the answers

Why are spreadsheets considered a management 'workhorse'?

They are widely used for various management tasks Signup and view all the answers

What do tables and matrices provide a basis for in project risk management?

Ensuing discussion and exploration of implications Signup and view all the answers

What do project organisations need to consider about the software's flexibility in project risk management?

How easily it accommodates changes in the project risk environment Signup and view all the answers

Why are tables and matrices considered useful in project risk management?

They provide a means of recording information about factors and criteria Signup and view all the answers

What type of values can be entered by users in a good CPMS for risk management purposes?

Determined or estimated values for defined model parameters Signup and view all the answers

What is a capability of virtual constructed environments (VCEs) in virtual reality applications?

Portraying materials being delivered, unloaded, and installed Signup and view all the answers

What is a capability of remote wireless sensors in the context of information technologies and tools?

They can be located in situations where human access is difficult or impossible Signup and view all the answers

What is a potential application of aerial drone systems?

Accommodating pattern recognition, including colors, tags, markers, and shapes Signup and view all the answers

What type of values are possible for many of the variables in the calculation algorithms of CPMSs?

User-defined or default values (e.g. beta distributions of probability) Signup and view all the answers

How have virtual reality applications progressed in terms of representing process operations?

From keyboard-entered static scene progressions to fluid representations of complete activities Signup and view all the answers

What is a feature of good CPMSs for risk management purposes?

Incorporating calculation, analytical, and modelling features for risk management Signup and view all the answers

What is a capability of smart sensors in information technologies and tools?

Being located in situations where human access is difficult or impossible Signup and view all the answers

What is a capability of simulation systems in the context of information technologies and tools?

Incorporating AI-based algorithms for pattern recognition Signup and view all the answers

What is a potential application of aerial drone systems beyond simple observation?

Accommodating pattern recognition, including colors, tags, markers, and shapes Signup and view all the answers

Study Notes

Project Risk Management with Computerised Software Applications

A key consideration for project organisations in employing computerised software applications is to assess the transparency of the application to ensure that it meets the organisation's needs.
Tables and matrices play a crucial role in project risk management, providing a basis for risk assessment and analysis.
Standard spreadsheeting software applications are characterised by their ability to be easily customised and adapted to various project requirements.

Benefits of Spreadsheets and Tables

Spreadsheets are considered a management 'workhorse' due to their versatility and ability to perform complex calculations and data analysis.
Tables and matrices are useful in project risk management as they provide a structured approach to organising and analysing data.

Computerised Project Management Systems (CPMSs)

CPMSs require users to enter specific values, such as numerical or categorical data, for risk management purposes.
Many variables in CPMS calculation algorithms can have probabilistic values, such as probability distributions or ranges.

Features of Good CPMSs

Good CPMSs for risk management purposes have the capability to accommodate complex data and provide a flexible framework for risk analysis.

Information Technologies and Tools

Virtual constructed environments (VCEs) in virtual reality applications have the capability to simulate real-world environments and scenarios.
Remote wireless sensors have the capability to collect and transmit data in real-time, enhancing project monitoring and control.
Aerial drone systems have the potential application of going beyond simple observation, such as monitoring construction progress or inspecting infrastructure.

Simulation Systems and Smart Sensors

Simulation systems have the capability to model complex systems and processes, allowing for risk analysis and scenario planning.
Smart sensors have the capability to detect and respond to changes in their environment, providing real-time data and insights.

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