The role of project risk management data in accurately budgeting Irish healthcare projects
Authors
Suresh Kumar, Nanda Kumar
Issue Date
2024
Degree
Master of Business Administration in Project Management
Publisher
Dublin Business School
Rights holder
Rights
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Abstract
The aim of this dissertation is to investigate the Role of Project Risk Management Data in Accurately Budgeting Irish Healthcare Projects examines how project risk management data impacts budgeting accuracy within the Irish healthcare sector. This study objectives to identify and prioritize key risk factors affecting Irish healthcare project budgets, propose strategies to mitigate these risks and enhance budget accuracy, ensuring effective budget management in healthcare projects. The methodology used is qualitative approach, involved a pre-survey of 11 participants and in-depth interviews with 5 selected individuals, the interviews analyzed using NVivo software focusing on thematic analysis. Relevant results reveal that 90.9% of participants consider risk management data crucial for effective budgeting, supporting the hypotheses that scope changes and strong governance significantly affect budget performance. The study concludes that incorporating advanced analytics and comprehensive risk management practices is essential for optimizing budget accuracy and mitigating cost overruns in Irish healthcare projects.