My Master of Project Management Thesis Project in GET-BS
by: Shavinash Suresh, MPM Alumni 2025, Project Engineer, Newwin Engineering
The Graduate Engineering and Technological Business School (GET-BS) has been instrumental in shaping my thesis on Risk Management using Monte Carlo Simulation and DEMATEL Method for Turnaround Projects in the Petrochemical Industry. This program's unique integration of engineering principles from my undergraduate degree with the project management skills acquired during my master's studies provided the perfect foundation for this complex topic.
My bachelor's degree in engineering gave me a deep understanding of the technical intricacies of petrochemical plant operations and the inherent risks associated with turnaround projects. I learned about the critical equipment, the complex processes, and the potential for mechanical failure or operational mishaps. This foundational knowledge was crucial for identifying and quantifying the specific risks that I would later analyze in my thesis.
The project management modules from my master's program built upon this technical knowledge, equipping me with the tools to effectively manage a project from conception to completion. I learned about risk identification, qualitative and quantitative risk analysis, and response planning. This is where the synergy of the GET-BS became most apparent. I was able to apply the theoretical frameworks of project management to the specific engineering context of petrochemical turnarounds.
The thesis itself is a direct result of this integrated learning. The Monte Carlo simulation, a quantitative risk analysis technique, allowed me to model the probabilistic outcomes of various risks, such as equipment failure or labor shortages, on the project's schedule and budget. The DEMATEL method, on the other hand, enabled me to analyze the causal relationships between different risk factors, helping to identify the root causes of potential project delays.
Without the comprehensive and integrated education provided by the GET-BS program, it would have been impossible to tackle such a specialized and interdisciplinary topic. The program didn't just teach me a set of skills; it taught me how to synthesize knowledge from different fields to solve real-world problems. This experience has not only enriched my academic journey but has also prepared me for a career in a field where technical expertise and project management acumen are equally valued.
