Network Dynamic Analysis Method for Project Governance Risk Control

Abstract

A network dynamic analysis (NDA) method is developed in this paper to reveal the inherent mechanism of project governance risk control, which integrates the method of social network analysis and system dynamics. Specifically, project governance structure was expressed as a social network in which the nodes indicate each stakeholder in the project and the relationships between nodes represent stakeholders’ risk control responsibility for the other party. The method of system dynamics is applied to capture the change of risk factors and the resulting adjustment of network relationships. To show how the NDA method is applied to project governance risk control, a simulation example is given and results indicate valuable theoretical and practical implications.