CLIAMS:1. A project risk patterns modeling and risk mitigation system (102) for mitigating risks associated with a project, the system (102) comprising:
a processor (110);
a risk factor determining module (120) coupled to the processor (110), the risk factor determining module (120) to:
obtain a plurality of potential risk factors associated with a project, wherein the plurality of potential risk factors influence progress of the project; and
ascertain, from the plurality of potential risk factors, at least one interacting potential risk factor influencing at least another potential risk factor, the ascertaining being based on interaction indicators, wherein the interaction indicators are indicative of an interaction between the at least one interacting potential risk factor and the at least other potential risk factor; and
a modeling module (124) to identify a risk emergence pattern based on the interaction between the at least one interacting potential risk factor and the at least other potential risk factor, the risk emergence pattern being indicative of a recurrent interaction between the at least one interacting potential risk factor and the at least other potential risk factor, wherein the project is executed based on the identifying.
2. The project risk patterns modeling and risk mitigation system (102) as claimed in claim 1 further comprising a mapping module (122) for determining, based on the ascertaining, a risk interaction mapping, wherein the risk interaction mapping depicts an interaction among the plurality of potential risk factors.
3. The project risk patterns modeling and risk mitigation system (102) as claimed in claim 2, wherein the modeling module (124) generates, based on the risk interaction mapping, a plurality of risk patterns, wherein the plurality of risk patterns are indicative of behavior of the plurality of potential risk factors during project execution.
4. The project risk patterns modeling and risk mitigation system (102) as claimed in claim 1, wherein the modeling module (124) identifies a risk convergence pattern corresponding to the plurality of potential risk factors, wherein the risk convergence pattern is indicative of a project failure due to one potential risk factor influenced by a plurality of potential risk factors.
5. The project risk patterns modeling and risk mitigation system (102) as claimed in claim 1, wherein the modeling module (124) identifies a risk divergence pattern corresponding to the plurality of potential risk factors, wherein the risk divergence pattern is indicative of a project failure due to a plurality of risk factors influenced by one potential risk factor.
6. The project risk patterns modeling and risk mitigation system (102) as claimed in claim 1, wherein the modeling module (124) generates a risk mitigation report based on identification of a plurality of risk patterns, wherein the plurality of risk patterns include at least one of the risk emergence pattern, a risk convergence pattern and a risk divergence pattern.
7. The project risk patterns modeling and risk mitigation system (102) as claimed in claim 1, wherein an interaction indicator comprises at least one of an influencing parameter and a dependency parameter.
8. The project risk patterns modeling and risk mitigation system (102) as claimed in claim 1, wherein the interaction indicators corresponding to each of the plurality of potential risk factors are updated in each stage of the project based on dynamic attributes of the potential risk factors.
9. A computer implemented method for project risk patterns modeling and risk mitigation, the method comprising:
obtaining a plurality of potential risk factors associated with a project, the plurality of potential risk factors being obtained over a network, wherein the plurality of potential risk factors influence progress of the project;
ascertaining, from the plurality of potential risk factors, at least one interacting potential risk factor influencing at least another potential risk factor, the ascertaining being based on one or more interaction indicators, wherein the interaction indicators are indicative of an interaction between the at least one interacting potential risk factor and the at least other potential risk factor;
determining, based on the ascertaining, a risk interaction mapping, wherein the risk interaction mapping depicts an interaction among the plurality of potential risk factors;
modeling, automatically, a plurality of risk patterns based on the risk interaction mapping; and
identifying at least one risk emergence pattern from the plurality of risk patterns, the risk emergence pattern being indicative of a recurrent interaction between the at least one interacting potential risk factor and the at least other potential risk factor, wherein the project is executed based on the identifying.
10. The method as claimed in claim 9, wherein the method further comprises identifying a risk convergence pattern corresponding to the plurality of potential risk factors, wherein the risk convergence pattern is indicative of a project failure due to one potential risk factor influenced by each of a plurality of potential risk factors.
11. The method as claimed in claim 9, wherein the method further comprises identifying a risk divergence pattern corresponding to the plurality of potential risk factors, wherein the risk divergence pattern is indicative of a project failure due to a plurality of potential risk factors influenced by one potential risk factor.
12. The method as claimed in claim 9, wherein the method further comprises generating a risk mitigation report based on identification of a plurality of risk patterns, wherein the plurality of risk patterns include at least one of the risk emergence pattern, a risk convergence pattern and a risk divergence pattern.
13. The method as claimed in claim 9, wherein an interaction indicator is assigned to each of the plurality of the potential risk factors.
14. The method as claimed in claim 9, wherein the interaction indicators corresponding to each of the plurality of potential risk factors are updated in each stage of the project based on dynamic attributes of the potential risk factors.
15. A non-transitory computer-readable medium having embodied thereon a computer program for executing a method comprising:
obtaining a plurality of potential risk factors associated with a project, the plurality of potential risk factors being obtained over a network, wherein the plurality of potential risk factors influence progress of the project;
ascertaining, from the plurality of potential risk factors, at least one interacting potential risk factor influencing at least another potential risk factor, the ascertaining being based on one or more interaction indicators, wherein the interaction indicators are indicative of an interaction between the at least one interacting potential risk factor and the at least other potential risk factor;
determining, based on the ascertaining, a risk interaction mapping, wherein the risk interaction mapping depicts an interaction among the plurality of potential risk factors;
modeling, automatically, a plurality of risk patterns based on the risk interaction mapping; and
identifying at least one risk emergence pattern from the plurality of risk patterns, the risk emergence pattern being indicative of a recurrent interaction between the at least one interacting potential risk factor and the at least other potential risk factor, wherein the project is executed based on the identifying. ,TagSPECI:As Attached