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Review of General Management

   

Added on  2022-08-26

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Running head: RISK MANAGEMENT PROCESS IN PROJECTS
Risk management process in projects
Name of the Student
Name of the University
Author Note
Review of General Management_1

RISK MANAGEMENT PROCESS IN PROJECTS
1
Selected Article: Risk Management Process in Projects
Scholar: DOVAL, E. (2019)
Name of Journal: Review of General Management
Introduction: The effectiveness and the validity of a research article can be identified
with the help of a critical evaluation of the scholar who has conducted the research.
This critical evaluation shall evaluate the research questions, data collection, analysis
and findings of the research.
Basis research question: The article aims to identify the exact procedure by which
risks must be addressed in complex projects from its research questions.
Purpose of the study: Statistical analysis was not conducted in this research, on top
of that this research is very much flexible and adapt to changes as some of the risks of
a project cannot be calculated prior to the start of the project.
Review of literature: The literature of this research is very much relevant to the
journal, and it is very much purposeful as it helped in understanding the risk
management process from a different perspective.
Theoretical framework: This research paper do not have any theoretical framework
which could address the research questions.
Guidelines for science: This supporting discussions of this paper could have been
more useful if there was a couple of empirical analysis of the risk management
procedure is shown.
Consistent: Ethical guidelines were strictly followed in this research paper, as the
name of the scholars whose works were considered in the paper are given proper
referencing in the last page of this article.
Hypothesis: The article has two sorts of hypotheses null hypothesis and alternate
hypothesis. Null hypothesis states that risk management standards doe not have any
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RISK MANAGEMENT PROCESS IN PROJECTS
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impact on the project risks and alternate hypothesis states that these risk standards can
address the project risks.
Variables: The dependent variable of this article is the construction projects and the
independent variable is the risk assessment methods. Theoretical concepts are
reflected from each of these two variables. There is a positive direction of association
between the two variables which was considered in this article. Apart from these two
variables, this article does not have any more variables.
Concepts of the research: All the concepts which are considered in this article are
multi-dimensional such as the categorization of the risks, use of risk register and
entire risk management plan can be deployed in both construction projects as well as
in other projects as well. All the risk management concepts are clearly defined in this
article and does not lacks coherency.
Validity of the variables: The scholars of this article has successfully established a
connection between each of the two hypothesis. However, no instrument was used by
scholar to measure the validity of this article.
Sampling method: Each data sample is selected on the basis of its relevancy with the
selected topic of this article as well as other Project Management concepts. Thus, it
can be said that systematic sampling was considered in this research instead of a
probability sampling method. Each sample was very effective in understanding
different concepts of risk management. However, all the discussions of this article are
in generalized modus and critical analysis is not done on any of the discussions of this
article. Even though it can be said that the use of other sampling methods such as
stratified sampling could have greater precision as compared with the systematic
sampling method.
Review of General Management_3

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