CFP last date
21 April 2025
Call for Paper
May Edition
IJCA solicits high quality original research papers for the upcoming May edition of the journal. The last date of research paper submission is 21 April 2025

Submit your paper
Know more
The week's pick
Responsive image
Serverless Architecture for Real-Time Stock Market Data Analytics in Cloud Environments

Gautam Solaimalai
Random Articles
Reseach Article

Strategic Innovations: Artificial Intelligence's Role in Portfolio, Program, and Project Risk Management

by Mayur Jariwala
journal cover thumbnail

International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 186 - Number 61
Year of Publication: 2025
Authors: Mayur Jariwala
10.5120/ijca2025924380

Mayur Jariwala . Strategic Innovations: Artificial Intelligence's Role in Portfolio, Program, and Project Risk Management. International Journal of Computer Applications. 186, 61 ( Jan 2025), 8-16. DOI=10.5120/ijca2025924380

@article{ 10.5120/ijca2025924380,
author = { Mayur Jariwala },
title = { Strategic Innovations: Artificial Intelligence's Role in Portfolio, Program, and Project Risk Management },
journal = { International Journal of Computer Applications },
issue_date = { Jan 2025 },
volume = { 186 },
number = { 61 },
month = { Jan },
year = { 2025 },
issn = { 0975-8887 },
pages = { 8-16 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume186/number61/strategic-innovations-artificial-intelligences-role-in-portfolio-program-and-project-risk-management/ },
doi = { 10.5120/ijca2025924380 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2025-01-28T19:07:03.906920+05:30
%A Mayur Jariwala
%T Strategic Innovations: Artificial Intelligence's Role in Portfolio, Program, and Project Risk Management
%J International Journal of Computer Applications
%@ 0975-8887
%V 186
%N 61
%P 8-16
%D 2025
%I Foundation of Computer Science (FCS), NY, USA
Abstract

This interdisciplinary research paper explores the transformative role of Artificial Intelligence (AI) in risk management across portfolios, programs, and projects. It examines how AI technologies, such as machine learning, predictive analytics, and data mining, enhance the identification, analysis, and monitoring of risks, offering significant improvements over traditional methods. The findings indicate that AI not only increases the efficiency and accuracy of risk assessments but also provides strategic decision support, enabling a proactive approach to risk management. This study analyzes the implementation challenges and ethical considerations associated with integrating AI into risk management practices, providing recommendations for organizations aiming to leverage these technologies. The potential of AI to fundamentally reshape risk management practices is discussed, emphasizing its role in driving better decision-making and strategic planning in complex risk environments.

References
  1. Sanchez, H., Robert, B., Bourgault, M., and Pellerin, R. 2009. Risk management applied to projects, programs, and portfolios. International Journal of Managing Projects in Business, 2(1), 14-35.
  2. Project Management Institute. 2017. A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Sixth Edition. Project Management Institute.
  3. Costa, H. R., Barros, M., and Travassos, G. 2007. Evaluating software project portfolio risks. Journal of Systems and Software, 80(1), 16-31.
  4. Bartram, S. M., Branke, J., and Motahari, M. 2019. Artificial Intelligence in Asset Management. ERN: Neural Networks & Related Topics.
  5. Teller, J. 2013. Portfolio Risk Management and Its Contribution to Project Portfolio Success: An Investigation of Organization, Process, and Culture. Project Management Journal, 44(4), 36-51.
  6. Ahmadi-Javid, A., Fateminia, S., and Gemünden, H. 2020. A Method for Risk Response Planning in Project Portfolio Management. Project Management Journal, 51(1), 77-95.
  7. Guan, D., Guo, P., Hipel, K. W., and Fang, L. 2017. Risk reduction in a project portfolio. Journal of Systems Science and Systems Engineering, 26(1), 3-22.
  8. Teller, J., Kock, A., and Gemünden, H. 2014. Risk Management in Project Portfolios is More than Managing Project Risks: A Contingency Perspective on Risk Management. Project Management Journal, 45(2), 67-80.
  9. Neumeier, A., Radszuwill, S., and Garizy, T. Z. 2018. Modeling project criticality in IT project portfolios. International Journal of Project Management.
  10. El Koutbi, S., and Idri, A. 2018. Software Effort Estimation Risk Management over Projects Portfolio. Computers and Information Science, 11(4), 45-76.
  11. Project Management Institute. 2019. The Standard for Risk Management in Portfolios, Programs, and Projects. Project Management Institute.
  12. Bardhan, I., Kauffman, R., and Naranpanawe, S. 2010. IT project portfolio optimization: A risk management approach to software development governance. IBM Journal of Research and Development, 54(2).
  13. Diaz, R., Smith, K. I., Landaeta, R., and Padovano, A. 2020. Shipbuilding Supply Chain Framework and Digital Transformation: A Project Portfolios Risk Evaluation. Procedia Manufacturing.
  14. Drake, J. R., and Byrd, T. 2006. Risk in Information Technology Project Portfolio Management. The Journal of Information Technology Theory and Application, 8(3), 3-19.
  15. Micán, C., Fernandes, G., and Araújo, M. 2021. Project portfolio risk management: A structured literature review with future directions for research. International Journal of Information Systems and Project Management.
  16. Teller, J., and Kock, A. 2013. An empirical investigation on how portfolio risk management influences project portfolio success. International Journal of Project Management, 31(6), 817-829.
  17. Gustafsson, J., and Salo, A. 2005. Contingent Portfolio Programming for the Management of Risky Projects. Operations Research, 53(6), 946-956.
  18. Teller, J. 2013. Portfolio risk management and its contribution to project portfolio success: An investigation of organization, process, and culture. Project Management Journal, 44(4), 36-51. https://doi.org/10.1002/pmj.21350
  19. Teller, J., and Kock, A. 2013. An empirical investigation on how portfolio risk management influences project portfolio success. International Journal of Project Management, 31(6), 817-829. https://doi.org/10.1016/j.ijproman.2012.11.012
  20. Ahmadi-Javid, A., Fateminia, S., and Gemünden, H. G. 2020. A method for risk response planning in project portfolio management. Project Management Journal, 51(1), 77-95. https://doi.org/10.1177/8756972819893080
  21. Guan, D., Guo, P., Hipel, K. W., and Fang, L. 2017. Risk reduction in a project portfolio. Journal of Systems Science and Systems Engineering, 26(1), 3-22. https://doi.org/10.1007/s11518-016-5320-0.
  22. Micán, C., Fernandes, G., and Araújo, M. 2021. Project portfolio risk management: A structured literature review with future directions for research. International Journal of Information Systems and Project Management, 9(3), 5-21. https://doi.org/10.12821/ijispm090301
Index Terms

Computer Science
Information Sciences

Keywords

Artificial Intelligence Risk Management Predictive Analytics AI Ethics Strategic Decision-Making

Powered by PhDFocusTM