Risk information system: The visibility factor

Authors

  • Fernando Vegas-Fernández Universidad Politécnica de Madrid

DOI:

https://doi.org/10.3145/epi.2017.nov.06

Keywords:

Risk, Risk indicators, Risk combination, Risk summary, Project risk, Visualisation, Risk visualisation, Data visualisation, Information visualization, Information design, Information systems.

Abstract

Project risk evaluation complexity demands modern information systems that increase objectivity and are more visual, intuitive, and flexible. Thousands of construction projects have been analyzed to define a risk system that fulfills these requirements and uses a new kind of risk indicator: The Visibility factor. This indicator makes it possible to get quantitative values for any risk and to summarize risk scenarios. The system is analytical and the result is visual in order to allow the risk level to be identified at any stage, making it much easier for decision-makers to determine the best possible option. Risk data is collected via multiple choice questionnaires, built over a template, and the sections are weighted based on the project characteristics and its circumstances. This system can be used in any industry by modifying the questionnaires and it has been tested in a Spanish IBEX-35 construction company.

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Published

2017-11-12

How to Cite

Vegas-Fernández, F. (2017). Risk information system: The visibility factor. Profesional De La información, 26(6), 1065–1075. https://doi.org/10.3145/epi.2017.nov.06

Issue

Vol. 26 No. 6 (2017): Diseño de la información

Section

Research articles

License

Copyright (c) 2017 El Profesional de la Información

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