THE IMPACT OF RISK ASSESSMENT STRATEGIES ON RESEARCH AND DEVELOPMENT PROJECTS OF THE DEFENCE SECTOR IN PAKISTAN

Abstract

This research investigates the impact of risk assessment strategies on research and development (R&D) projects in the defence sector. The researchers performed comprehensive analyses of risk management frameworks and practices employed by leading defence organisations globally, including the US Department of Defence, UK Ministry of Defence, Canadian Department of National Defence, and India's Innovation for Defence Excellence and critically analysed the key risk assessment factors and best risk management practices. This research developed a tailored risk assessment framework specific to Pakistan's defence R&D projects through extensive case study analyses and fifty semi-structured interviews with people working with defence organisations. The proposed framework comprises seven essential steps, from work breakdown structure development to continuous risk monitoring. This research aimed to provide a systematic and unified approach to risk management by addressing the gaps and investigating international and
regional approaches.