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Article

A Model to Manage Cooperative Project Risks to Create Knowledge and Drive Sustainable Business

1
Department of Industrial Engineering, University of Beira Interior, 6201-001 Covilhã, Portugal
2
Department of Mechanical Engineering, Polytechnic Institute of Lisbon, 1959-007 Lisbon, Portugal
3
CTS Uninova, Centre of Technology and Systems, 2829-516 Caparica, Portugal
4
Department of Science and Technology, Universidade de Trás-os-Montes e Alto Douro, Quinta de Prados, 5000-801 Vila Real, Portugal
*
Authors to whom correspondence should be addressed.
Academic Editor: Jui-Sheng (Rayson) Chou
Sustainability 2021, 13(11), 5798; https://0-doi-org.brum.beds.ac.uk/10.3390/su13115798
Received: 19 April 2021 / Revised: 11 May 2021 / Accepted: 19 May 2021 / Published: 21 May 2021
Efficient cooperation between organizations across all the phases of a project lifecycle is a critical factor to increase the chances of project success and drive sustainable business. However, and according to research, despite the large benefits that efficient organizational cooperation provides to organizations, they are still often reluctant to engage in cooperative partnerships. The reviewed literature argues that the major reason for such a trend is due to the lack of efficient and actionable supportive models to manage organizational cooperative risks. In this work we propose a model to efficiently support the management of organizational cooperative risks in project environments. The model, MCPx (management of cooperative projects), was developed based on four critical scientific pillars, (1) project risk management, (2) cooperative networks, (3) social network analysis, and (4) business intelligence architecture, and will analyze in a quantitative way how project cooperative behaviors evolve across a bounded time period, and to which extent they can turn into a cooperative project risk (essentially potential threats). For this matter, the MCPx model will quantitatively analyze five key project cooperative behavioral dimensions, (1) communication, (2) information sharing, (3) trust, (4) problem solving and (5) decision making, which show how dynamic interactions between project stakeholders evolve across time. The implementation and functioning principles of the MCPx model are illustrated with a case study. View Full-Text
Keywords: project management; risk management; social network analysis; cooperative networks; business intelligence; project cooperative risks; knowledge creation; sustainable business project management; risk management; social network analysis; cooperative networks; business intelligence; project cooperative risks; knowledge creation; sustainable business
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MDPI and ACS Style

Nunes, M.; Abreu, A.; Saraiva, C. A Model to Manage Cooperative Project Risks to Create Knowledge and Drive Sustainable Business. Sustainability 2021, 13, 5798. https://0-doi-org.brum.beds.ac.uk/10.3390/su13115798

AMA Style

Nunes M, Abreu A, Saraiva C. A Model to Manage Cooperative Project Risks to Create Knowledge and Drive Sustainable Business. Sustainability. 2021; 13(11):5798. https://0-doi-org.brum.beds.ac.uk/10.3390/su13115798

Chicago/Turabian Style

Nunes, Marco, António Abreu, and Célia Saraiva. 2021. "A Model to Manage Cooperative Project Risks to Create Knowledge and Drive Sustainable Business" Sustainability 13, no. 11: 5798. https://0-doi-org.brum.beds.ac.uk/10.3390/su13115798

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