PROJECT SYNOPSIS

DEPARTMENT OF ENGINEERING MANAGEMENT

CENTRE FOR ADVANCE STUDIES IN ENGINEERING
ISLAMABAD, PAKISTAN
COURSE TITLE
RESEARCH METHODOLOGY
PROJECT TITLE
Impact Of Risk Mitigation Strategies On Project Duration

SUBMITTED BY (Group # 10)

JUNAID MAHMOOD (Fall-2013/MSc. EM/043)
IMRAN MEHMOOD (Fall-2014/MSc. EM/008)
ZAFAR ULLAH KHAN (Fall-2014/MSc. EM/037)
INSTRUCTOR
Dr. MEMONA RAUF
Mr. AZAM ISHAQUE (T.A)

Project Title: Impacts of risk mitigation strategies on project duration

Research Questions:
Whichpracticesarebeingfollowedworldwidetomitigaterisk?
Whichpracticesareusedandsuggestedinliteraturetomitigaterisk?
Howmuchgapisinbetweenliteraturesuggestedriskmitigationstrategiesandpracticallyimplemented
riskmitigationstrategiesworldwide?
Howdoriskmitigationstrategiesimpactonprojectduration?

Problem Statement:
To find out the gap in between practically implemented and literature suggested risk mitigation
strategies and the impacts of risk mitigation strategies on completion of projects.

Introduction:
This research is focused on the risk mitigation strategies which are essential part of project
effectiveness and efficiency. The duration of a project can increase or decrease according to the use of
risk mitigation strategies. Though there is a gap in both literature suggested and practically
implemented risk mitigation strategies but they are somehow useful to some extent. These risk
mitigation strategies may help to increase the cost of a project by delaying its process. Moreover these
strategies may also help to increase the profits and decrease the costs of a project.

Research Objectives:
In this research our objective is to find out the the worldwide followed risk mitigation strategies and
literature suggested strategies. Moreover our purpose is to explore the gap in between both literature
and practical domains regarding the risk mitigation strategies. With the extraction of this gap it shall be
more convenient to find out the impacts of risk mitigation strategies on project duration.