Abstract
This work proposes a novel approach to augment program risk management processes by introducing complexity-based risk evaluation which potentially exposes risks that would have otherwise been neglected. The approach is to determine the complexity-based risks by first evaluating system, observer, and behavior entropy models. The suggested metrics created by the models provide the framework for generating complexity-based risks. The results can be used by program management to aid in decision-making processes. The results can also be shared with customers to determine any appropriate short and long-term mitigation actions. The suggested metric are applied to a sample case study. Future work will include impact analysis and mitigation strategies for complexity-based risks.
| Original language | English |
|---|---|
| Pages (from-to) | 31-41 |
| Number of pages | 11 |
| Journal | Procedia Computer Science |
| Volume | 44 |
| Issue number | C |
| DOIs | |
| State | Published - 2015 |
| Event | IUTAM Symposium on the Dynamics of Extreme Events Influenced by Climate Change (2013) - Freiburg, Germany Duration: 6 Sep 2015 → 9 Sep 2015 |
Keywords
- Risk management
- System complexity
- System design
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