Fraunhofer Institute for Production Technology IPTResearch Project "PRiMa-Q"
Global software architecture for the research project "PRiMa-Q"
Risk cost optimized planning of projects based on project management data
ISO 9001 requires a risk-based decision-making approach in quality management. However, current risk analyses often lack objectivity and risk assessments are insufficiently standardized. In order to distribute resources appropriately among a large number of projects, it is necessary to consider risk costs.
Quantification of risks in project management
The aim of the research project "PRiMa-Q" is a data-based risk quantification for project management. For an optimized project planning a cost-benefit analysis of action measures is necessary. The influence of these actions on the project progress is predicted by means of virtual scenario analyses. The implementation takes place in an open source software.
The web-based software tool was validated at a mechanical engineering company. The associated risk quantification framework consists of three parts: Risk quantification, cost-benefit action recommendation and scheduling optimizer. A database contains project and risk management data. The project results improve project risk management competence by providing immediate insight into and processing the data.
Project Consortium
- Institut für Unternehmenskybernetik e.V.
- CETIC asbl (Centre of Excellence in Information and Communication Technologies)
- Fraunhofer Institute for Production Technology IPT
Project Management Organization
- AiF Arbeitsgemeinschaft industrieller Forschungsvereinigungen »Otto von Guericke« e.V.
- Service public de Wallonie (SPW)
- Collective Research Networking (CORNET)