Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Operations research or analysis
Reexamination Certificate
2008-01-08
2008-01-08
Hafiz, Tariq R. (Department: 3623)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Operations research or analysis
Reexamination Certificate
active
10194698
ABSTRACT:
This invention provides techniques, systems and apparatus for assessing risk associated with a project or a portfolio of projects. An example embodiment having a processor and a memory, includes storing operational values which corresponds to a different project. Each operational value is representative of a project operational parameter. A risk vector is generated for each project based on the set of operational parameters. The risk vectors are partitioned into groups of similar risk vectors having a set of membership rules. Probabilities that a new project belongs to respective groups are generated. A risk value indicative of the risk associated with the new project is generated based on the probabilities generated. In some embodiments, the technique also assesses portfolio risk and utilizes an optimization algorithm to estimate acceptable or desirable margins to charge for each project in a portfolio of projects.
REFERENCES:
patent: 2003/0033191 (2003-02-01), Davies et al.
patent: 798635 (1997-10-01), None
Donath, Bob; “ISBM Nuggets: New Product Development Consortium—Portfolio Management”, Mar. 19, 2001, ISBM New Product Development Consortium, Philadelphia, Pa, pp. 1-54. retrieved from the internet at: zope-295-a.smeal.psu.edu/isbm/documents
pd0301ko.pdf.
Walwyn, David R; Taylor, David; Brickhill, Glenn; “Application of the Jarrow and Turnbull Model to Risk Management and the Valuation of Intellectual Property Arising from Research and Development”, SAIChE 2000 Meeting, pp. 1-14, retrieved from 111.cam.witz.ac.za/mfinance/papers,wtb—riskpaper.doc.
Ratbe, Dina; King, William R.; Kim, Young-Gul; “The fit between project characteristics and application development methodologies: a contingency approach”, Winter 1999-2000, Journal of Computer Information Systems, pp. 26.
Cooper, Robert G; Kleinschmidt, Elko J; “New product performance: what distinguishes the star products”, Jun. 2000, Australian Journal of Management, 25, 2, ABI/INFORM Global, p. 17.
Jarrett, E.L.; “The Role of Risk in Business Decision-Making, or How to Stop Worrying and Love the Bombs”, Research Technology Management, Nov./Dec. 2000; 43, 6; ABI/INFORM Global, p. 44.
Lavallee, Ryan, “IDe's IDweb™ Software supports PMI® PMBOK® Standards”, copyright 2000 Integrated Development Enterprise, pp. 1-6, http://www.ide.com/pdfs/PMBOK.pdf.
McGrath, Michael; Iansiti, Marco, “Envisioning IT-Enabled Innovation”, Dec. 1998, PRTM Insight Magazine, pp. 1-11, www.prtm.com/insight/article.asp?insight—id=2737.
“Research note: theoretical optimisation of IT/IS investments” Sharif, Amir M: Irani, Zahir, 1999 Logistics Information Management v12n1/2 pp. 189-196.
“Controlling prototype development through risk analysis” Baskerville, Richard L; Dec. 1996, Stage, Jan MIS Quarterly v20n4 pp. 481-504.
“Refining the use of Monte Carlo techniques for risk analysis in project planning”, Dec. 1999, Balcombe, KG; Smith LED; Journal of Development Studies, 36, 2, 113. Dialog 12131712.
Hafiz Tariq R.
International Business Machines - Corporation
Scully , Scott, Murphy & Presser, P.C.
Sterrett Jonathan G.
Yamonaco, Esq. Lisa M.
LandOfFree
Project risk assessment does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Project risk assessment, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Project risk assessment will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-3936764