Doctoral Dissertations

Keywords and Phrases

Layer of Protection Analysis (LOPA)

Abstract

"Risk assessment and identification in the early stages of any project is critical to the success of that project from time, budget and cost prespective [sic]. Identifying unacceptable risks and making provisions to mitigate those, can reduce the uncertainty in the project and ensure its smooth completion and closure. Various techniques have been developed over time to identify and quantify risks. Inspite of all the available research on risk management tools, accidents continue to happen and projects consistently fail.

The objective of this study is to first, determine the generic risks that can be encountered by a project. A list of generic risks will be prepared and validated by surveying managers from various industries. These risks will be prioritized to provide managers with a generic risk matrix which can be readily applied to cross-industry projects. The second part of the study involves the use of Layers of Protection Analysis (LOPA), to analyze two past catastrophic accidents. The financial industry and the Space Shuttle program will be considered to produce the required analysis. LOPA models will be created to expose shortcomings in the failed projects and provide lessons to be learned in order to avoid future disasters. This research will provide a unique direction and a new tool for project managers to deploy this technique of building protection layers to prevent, protect and/or mitigate risks encountered by their system/project"--Abstract, page iv.

Advisor(s)

Murray, Susan L.

Committee Member(s)

Grantham Lough, Katie, 1979-
Cudney, Elizabeth A.
Corns, Steven
Book, Neil L.
Mannan, Sam

Department(s)

Engineering Management and Systems Engineering

Degree Name

Ph. D. in Engineering Management

Publisher

Missouri University of Science and Technology

Publication Date

Fall 2012

Journal article titles appearing in thesis/dissertation

  • Development of a generic risk matrix to manage project risks
  • Using LOPA to analyze past catastrophic accidents including 2008 mortgage market crisis and space shuttle Challenger disaster
  • Variations in risk management models: a comparative study of the space shuttle Challenger disaster

Pagination

x, 117 pages

Note about bibliography

Includes bibliographical references.

Rights

© 2012 Siddharth B. Damle, All rights reserved.

Document Type

Dissertation - Open Access

File Type

text

Language

English

Subject Headings

Project management -- Decision makingRisk assessmentRisk managementRisk management -- Case studies

Thesis Number

T 10136

Print OCLC #

843766531

Electronic OCLC #

908640581

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