Risk Assessment Methods for Enterprise EPR Projects: An Evaluation Framework
AUTHORS
Jianbang Du,Innovative Transportation Institute, Texas Southern University, United States
ABSTRACT
This paper explores into recent advancements in Extended Producer Responsibility (EPR) systems and investigates the project risks inherent to such initiatives. It describes these risks into external and internal categories supported by theoretical frameworks. The EPR project of Company G, in which the author actively participated, serves as a case study. Utilizing a fuzzy evaluation method, the paper assesses and prioritizes project risks, effectively distinguishing between primary and secondary risks to provide a comprehensive evaluation. The evaluation revealed critical risks for which the author formulated targeted mitigation plans. Various management strategies were implemented to control these primary risks, ensuring a robust risk management framework. Throughout the project's practical implementation, management methods were systematically applied at each stage, accompanied by rigorous supervision and control measures to mitigate negative impacts. This approach aimed to achieve the lowest possible adverse effects from identified risks. The paper concludes by analyzing the outcomes of the risk management strategies employed, highlighting the effectiveness of the approaches used. It presents lessons learned from the project, offering valuable insights into managing risks in EPR projects. The findings underscore the importance of a structured risk management process, integrating continuous monitoring and adaptive strategies to address emerging risks effectively. This comprehensive evaluation and management plan for EPR project risks provides a valuable reference for future projects, offering practical perspectives on mitigating and managing risks in the evolving landscape of EPR systems.
KEYWORDS
Extended producer responsibility, Fuzzy evaluation method, Project risk assessment, Risk management, Risk prioritization, Management framework
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