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    PublicationOpen Access
    Optimizing the Financial Risk Management Strategies in Water Supply Projects in Sri Lanka
    (SLIIT, Faculty of Engineering, 2025-01) Senanayake, U. S; Wijesinghe, T.; Perera, B. K. C.; Jayasinghe, Y. M.
    Infrastructure construction projects are considered highly susceptible to risks and uncertainties due to their complicated designs, sizes, functions and structural complexities. Among the different types of risks, the financial risks and the ability to manage them will have great implications for the cost performance of the relevant infrastructure projects. Therefore, high attention is paid to the financial risk management aspect of public infrastructure projects. In that concern, water supply infrastructure projects share several characteristics in common with other infrastructure construction projects while holding several other characteristics unique to themselves. Although many studies have been conducted on financial risk management in building and infrastructure projects, observed scanty of studies that address the financial risk management aspects of water supply projects in the Sri Lankan context. Therefore, this study is meant to fill significant void in terms of developing a financial risk management framework to address financial risk factors in Sri Lankan water supply projects. In carrying out this study, a mixed methodology was followed under an exploratory sequential design. Accordingly, the risk factors and risk management strategies identified in the reference literature were screened and shortlisted for their applicability in designing water supply projects in Sri Lanka and were validated through findings achieved at interviews with experts capable of highlighting new risk financial factors and strategies unique to the water supply projects in Sri Lanka. Subsequently, the risk factors and strategies identified in this process are mapped to develop a financial risk management framework for implementation of water supply projects in Sri Lanka in the future.
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    PublicationOpen Access
    Level of risk management knowledge among construction project managers in Sri Lanka
    (researchgate.net, 2022-06-24) Welikala, D. H. N; Jayasena, H. S; Perera, B. K. C
    Risk management often becomes a significant concern among the construction professionals especially due to the complex nature of the industry. Though it is a popular subject in project management discipline, it was observed that authentic application of the principles of risk management at times is arguable in practice. As a Project Manager who is a key role player in a project, it is vital to have a solid knowledge on risk management and its related arena. Evidence was found of limited risk management knowledge among construction professionals. Therefore, a study was conducted to find the status of risk management knowledge among the construction Project Managers in Sri Lanka. A mixed method approach was followed by a comprehensive literature review on elements of body of knowledge of risk management and later a questionnaire survey to contextualise the status of the knowledge gap of Project Managers in real. According to the findings of the study, it could be concluded that Sri Lankan Project Managers are not fully confident on their risk management knowledge. It was primarily likely to be due to the limited learning in the subject area when pursuing higher studies. The study also identifies the options to device appropriate strategies to improve risk management knowledge among the Construction Project Managers in Sri Lanka.
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    PublicationOpen Access
    A Risk Management Framework for Clouds Using Big Data and Security Informatics usingAttack Trees and Hidden Markov Model in Analysis and Prediction of Risks in Social Media …
    (2014-11) Subasinghe, K. D. B. H; Kodituwakku, S. R; Perera, H. S. C
    Social media refers to the means of interactions among people in which they create, share, and exchange information and ideas in virtual communities and networks. The growth of Information and Communication Technology (ICT) has resulted in an enormous volume of security related information present on the web largely when it comes to social media networks. Therefore, with the changing face of cyber security, although it is difficult, it was found that detecting the potential cyber-attacks or crimes is possible and feasible with the vast improvements in ICT. Cloud computing uses ICT resources that are delivered as a service over a network which has opened a promising opportunity across the globe thus resulting a greater popularity of e-commerce. The proposed framework is developed to manage risks of social media networks using the attack tree method which is used to model the risk of the system and identify the possible attacking strategies which the adversaries may launch. This paper presents the development of a Risk Management Framework by analysis of social media networks through web intelligence and security informatics using attack tree analysis based on the Hidden Markov Model for information extraction and prediction of risk factors of Social Media Networks.