This event will demonstrate a new risk assessment software developed by PhD Candidate Shree Lakshmi Ramesh Babu. Risk management is a critical aspect in managing projects and delivering them on time and within the set budget. The various factors involved in a project interact and multiply the complexity of dealing with the project. Studying the risks in isolation and ignoring the systemic effects of risks on the project objectives could be a major cause for timely overruns over decades.
This presentation will demonstrate software that is being developed to assist project managers in effectively evaluating risks by considering their interactions and studying their nature as three-dimensional networks. It will also discuss risk management techniques that have been followed in the past and present and identify the benefits and the limitations involved in assessing the entire risk profile.
The presentation will cover the following topics:
Demonstration for a new risk assessment software
Past and present risk management techniques
The positives and limitations in the current approaches
The significance of considering risk interactions during assessment
The opportunities arising from evaluating the risks as a system
ABOUT THE SPEAKER
Shree Lakshmi Ramesh Babu, is a PhD student researching on exploring risk analysis strategies to assist risk managers to assess risks and their interactions. Her research looks into exploring the benefits of evaluating risk networks in three-dimensional (3D) space and implementing the research findings towards developing a visualisation software. Shree Lakshmi holds a Bachelor Honours degree in Computer Systems Engineering from Curtin University and has worked as an intern with Curtin University HIVE on a visualisation research project. She also has experience working as a software engineer at Secure2Go Pvt. Ltd.
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