Implementation of risk management in small construction companies in Czechia

Vladislav ?ehá?ek ()
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Vladislav ?ehá?ek: Czech Technical University in Prague

No 13615609, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: No matter the field, projects are always accompanied by many risks. It is necessaryto manage them in order to prevent complications. The paper deals with the implementation of risk management in Czechia, especially focusing on small to medium size companies. The paper is divided into 3 parts: In the first part we define what risk management and risks are and why it is important to manage them. This part also includes various methods of risk analysis and their advantages/disadvantages. In the second part we define risks in the field of construction, separate the risks into several categories and name a few examples. In the third part we talk about the construction field in Czechia, the specifics, and the implementation of risk management and other management systems. The paper ends with a conclusion, where examples of what could improve the situation are provided.

Keywords: risk; risk management; risk analysis; construction; Czechia; small and medium companies (search for similar items in EconPapers)
JEL-codes: D24 L74 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2022-07
New Economics Papers: this item is included in nep-ppm and nep-rmg
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Published in Proceedings of the Proceedings of the 16th Economics & Finance Conference, Prague, Jul 2022, pages 133-142

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iefpro:13615609

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