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| Title | Improving Risk Management Of Smart City Lighthouse Projects Through Collaborative Governance And An Integrated Risk-Resilience Based Approach |
|---|---|
| ID_Doc | 30903 |
| Authors | Karatzoudi K.; Aven T. |
| Year | 2021 |
| Published | Proceedings of the 31st European Safety and Reliability Conference, ESREL 2021 |
| DOI | http://dx.doi.org/10.3850/978-981-18-2016-8_529-cd |
| Abstract | Smart City Lighthouse projects are a specific European innovation instrument for large-scale deployment and replication of Smart City and energy solutions. This cross-country and multi-disciplinary setup fosters innovation, but it also leads to complexity. Risk management represents a key approach for handling this complexity and meet the various types of risks that can occur in smart city lighthouse projects. A review of current risk management practices in smart cities lighthouse projects has been conducted including all the existing seventeen Lighthouse projects. The review showed that the risk management in most lighthouse projects is in line with common standards as described in ISO 31000 and the Open PM2 Project Management Framework highlighting identification, analysis, evaluation, and treatment of project risks. However, the occurrence of several high-profile cybersecurity and privacy related vulnerabilities has uncovered the need to expand the risk management beyond these standards. The present paper investigates how the risk management can be improved through collaborative governance, highlighting stakeholder participation and involvement, and adopting an integrated risk-resilience based approach. A specific smart city lighthouse project is used to illustrate the discussion. © ESREL 2021. Published by Research Publishing, Singapore. |
| Author Keywords | collaborative governance; complexity; innovation; resilience; Risk management; smart city |
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