Risk management application in a Baja SAE team
Management techniques can be beneficial for projects and it can optimize human, financial and time resources if applied to adapt to their contexts. Risk management is essential for good budget planning, given the remarkable need to prevent possible eventualities that may arise and deviate the proje...
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| Main Authors: | , , , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidade Federal de Viçosa (UFV)
2023-08-01
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| Series: | The Journal of Engineering and Exact Sciences |
| Subjects: | |
| Online Access: | https://periodicos.ufv.br/jcec/article/view/16441 |
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| _version_ | 1832569749492465664 |
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| author | Breno Ferreira Barrados Chorro Alexandre Cupolillo Severino Larissa Stéfany Leal de Alcântara Pedro Henrique Soares da Fonseca Luiz Gustavo Monteiro Guimarães Júlio César Costa Campos Antonio Marcos de Oliveira Siqueira José Antônio da Silva Flavio Neves Teixeira |
| author_facet | Breno Ferreira Barrados Chorro Alexandre Cupolillo Severino Larissa Stéfany Leal de Alcântara Pedro Henrique Soares da Fonseca Luiz Gustavo Monteiro Guimarães Júlio César Costa Campos Antonio Marcos de Oliveira Siqueira José Antônio da Silva Flavio Neves Teixeira |
| author_sort | Breno Ferreira Barrados Chorro |
| collection | DOAJ |
| description |
Management techniques can be beneficial for projects and it can optimize human, financial and time resources if applied to adapt to their contexts. Risk management is essential for good budget planning, given the remarkable need to prevent possible eventualities that may arise and deviate the project from its objective. Due to financial difficulties that hindered its development, the Komiketo Baja UFSJ team noticed the necessity to plan that would manage unforeseen events, since the planned budget was lesser than the actual expenditure, creating a lack of cash and preventing the purchase of essential materials for the team. This study presents the application of risk management in the team during the period 2019-2020, based mainly on the book PMBOK. In addition, it will discuss concepts such as identification, qualitative analysis, quantitative analysis, action plans, control and monitoring. Through this study, it is possible to compare before and after application, which resulted in a decrease of 128% (2018-19) to 7% (2019-20) of the difference between the amount spent and the planned amount. Several recommendations were obtained for the team's future and similar applications.
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| format | Article |
| id | doaj-art-a514f4bb25424ba4a7f3993f9429003a |
| institution | Kabale University |
| issn | 2527-1075 |
| language | English |
| publishDate | 2023-08-01 |
| publisher | Universidade Federal de Viçosa (UFV) |
| record_format | Article |
| series | The Journal of Engineering and Exact Sciences |
| spelling | doaj-art-a514f4bb25424ba4a7f3993f9429003a2025-02-02T19:54:50ZengUniversidade Federal de Viçosa (UFV)The Journal of Engineering and Exact Sciences2527-10752023-08-019710.18540/jcecvl9iss7pp16441-01eRisk management application in a Baja SAE teamBreno Ferreira Barrados Chorro Alexandre Cupolillo Severino0Larissa Stéfany Leal de Alcântara1Pedro Henrique Soares da Fonseca2Luiz Gustavo Monteiro Guimarães3Júlio César Costa Campos4Antonio Marcos de Oliveira Siqueira5José Antônio da Silva 6Flavio Neves Teixeira 7Universidade Federal de São João del-Rei, BrazilUniversidade Federal de São João del-Rei, BrazilUniversidade Federal de São João del-Rei, BrazilUniversidade Federal de São João del-Rei, BrazilUniversidade Federal de Viçosa, BrazilUniversidade Federal de Viçosa, BrazilUniversidade Federal de São João del-Rei, BrazilUniversidade Federal de São João del-Rei, Brazil Management techniques can be beneficial for projects and it can optimize human, financial and time resources if applied to adapt to their contexts. Risk management is essential for good budget planning, given the remarkable need to prevent possible eventualities that may arise and deviate the project from its objective. Due to financial difficulties that hindered its development, the Komiketo Baja UFSJ team noticed the necessity to plan that would manage unforeseen events, since the planned budget was lesser than the actual expenditure, creating a lack of cash and preventing the purchase of essential materials for the team. This study presents the application of risk management in the team during the period 2019-2020, based mainly on the book PMBOK. In addition, it will discuss concepts such as identification, qualitative analysis, quantitative analysis, action plans, control and monitoring. Through this study, it is possible to compare before and after application, which resulted in a decrease of 128% (2018-19) to 7% (2019-20) of the difference between the amount spent and the planned amount. Several recommendations were obtained for the team's future and similar applications. https://periodicos.ufv.br/jcec/article/view/16441Risk Management. Baja SAE. Budget Planning. Komiketo Baja |
| spellingShingle | Breno Ferreira Barrados Chorro Alexandre Cupolillo Severino Larissa Stéfany Leal de Alcântara Pedro Henrique Soares da Fonseca Luiz Gustavo Monteiro Guimarães Júlio César Costa Campos Antonio Marcos de Oliveira Siqueira José Antônio da Silva Flavio Neves Teixeira Risk management application in a Baja SAE team The Journal of Engineering and Exact Sciences Risk Management. Baja SAE. Budget Planning. Komiketo Baja |
| title | Risk management application in a Baja SAE team |
| title_full | Risk management application in a Baja SAE team |
| title_fullStr | Risk management application in a Baja SAE team |
| title_full_unstemmed | Risk management application in a Baja SAE team |
| title_short | Risk management application in a Baja SAE team |
| title_sort | risk management application in a baja sae team |
| topic | Risk Management. Baja SAE. Budget Planning. Komiketo Baja |
| url | https://periodicos.ufv.br/jcec/article/view/16441 |
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