Risk Management in International Projects with Teams in the Virtual Environment – Literature Review

Dumitrascu-Baldau Iulia and Capatina Alexandru
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Dumitrascu-Baldau Iulia: Dunarea de Jos University of Galati, Romania
Capatina Alexandru: Dunarea de Jos University of Galati, Romania

Risk in Contemporary Economy, 2020, 66-78

Abstract: International projects are considered high risk level projects and this characteristic is known to be a significant obstacle to project success. Applying the appropriate risk management methodology often depends on correctly identifying and understanding the risk factors, which can be understood as barriers to effective risk management. Research on risks and their management in traditional projects are numerous, however, research on the main risks in international projects with teams in the virtual environment (IPTVE) are very few, with emphasis on software development projects, without taking into account the differences between traditional and international ones. Thus, risk management in IPTVE is a new and absolutely necessary approach for the success of the teams in the virtual environment and the performance in managing international projects. This article aims to present the main risk factors, the impact that they can have on IPTVE and to highlight that risk management becomes an essential tool for decision making, in order to minimize the disadvantages of working with international project teams in the virtual environment.

Date: 2020
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