Network dynamic analysis based risk management for collaborative innovation projects

It is necessary to correlate the organization dimension and task dimension in the risk management for collaborative innovation projects. However, the existing analysis methods are restricted to one of the two dimensions, which also reduce the result of risk management. Social Network Analysis (SNA), which is the representative method in organization dimension, quantitatively evaluates the governance network formed by stakeholders and their relationships statically, but doesn't meet the dynamic characteristic of the network which caused by the risk factors. At the same time, System Dynamics (SD), which is the representative method in task dimension, can analyze the variational risk factors in project lifecycle and present risk mitigation actions. But it does not match the risk control responsibilities with the corresponding stakeholders properly, which generate inadequate organization fundamental for the actions. Therefore, this paper put forward a new method named Network Dynamic Analysis (NDA) by integrating SNA and SD and designed a framework of risk management based on the new method. In the framework, NDA changes the style of design and test of risk mitigation action as it connects the risk factor and risk responsibility by considering the governance network in organization dimension and project risk factors in task dimension together. More specifically, the adjustment of governance network was regard as risk mitigation action and its effect is text by a dynamic simulation model. NDA integrates organization dimension and task dimension by considering the project governance network and risk factors together, so it can improve the accuracy of risk analysis and the effectiveness of risk control.