International Journal of Mathematical, Engineering and Management Sciences

ISSN: 2455-7749

Study of Implication of Qualification and Experience in Perception of Risks and Barriers for Innovative Projects

Balkrishna E. Narkhede
Industrial Engineering and Manufacturing Systems, National Institute of Industrial Engineering (NITIE), Vihar Lake, NITIE, Powai, Mumbai, Maharashtra, India.

Yogesh D. Ghadage
Department of Production Engineering, Veermata Jijabai Technological Institute (VJTI), H. R. Mahajani Road, Matunga, Mumbai, Maharashtra, India.

Rakesh D. Raut
Operations and Supply Chain Management, National Institute of Industrial Engineering (NITIE), Vihar Lake, NITIE, Powai, Mumbai, Maharashtra, India.

Sunil Luthra
Department of Mechanical Engineering, State Institute of Engineering & Technology (Formerly known as Government Engineering College), Nilokheri, Haryana, India.

DOI https://dx.doi.org/10.33889/IJMEMS.2019.4.2-024

Received on September 12, 2018
  ;
Accepted on November 24, 2018

Abstract

Risks and barriers identification and management in innovative projects is a crucial phase. The risk and barrier evaluation is a critical task for the risk manager. The correctness of the evaluation process leads to effective management of risks and barriers. Effective management of risks and barriers improve the probability of success rate of the innovative projects. The current study attempt to understand the effect of Qualification & Experience (QE) in the perception of risks and barriers. This study intends to conclude on the effect of the above factors in the evaluation process. The evaluation of outcome indicates that the QE factors have their independent perception in the risk and barrier evaluation process.

Keywords- Risk management, Barriers, Innovative projects, ANOVA.

Citation

Narkhede, B. E., Ghadage, Y. D., Raut, R. D., & Luthra, S. (2019). Study of Implication of Qualification and Experience in Perception of Risks and Barriers for Innovative Projects. International Journal of Mathematical, Engineering and Management Sciences, 4(2), 289-305. https://dx.doi.org/10.33889/IJMEMS.2019.4.2-024.

Conflict of Interest

All authors have contributed equally in this work. The authors declare that there is no conflict of interest for this publication.

Acknowledgements

The authors would like to thank all participants in the survey for their active and valuable responses.

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