How to Deal with Project Risk Management Effectively in Your Organization

Maxime Le Bras

Holistic Marketing Management Journal, 2014, vol. 4, issue 1, 26-34

Abstract: The management of risk inside a project should follow different steps to be more effective. According to the authors, the number of steps varies as well as the approaches, so according to the structure of an organization one process or one approach would match better. Project risk management is seen differently by senior managers or project ones, and is well perceived by the project managers whereas senior managers assume that issues coming out from a project are mainly the fault of its leader than a bad management of risks. Talking about differences, we also distinguish the operational risks from the strategic ones. We note that most of risks are operational, so shortterm view. The project risk management takes another dimension when we display it in a project portfolio. In this case, processes (steps) are close to the risk management at a project level, however the impacts and influence are getting bigger, therefore should be dealt with even more attention.

Keywords: risk management; project management; risk overview; success; processes (search for similar items in EconPapers)
JEL-codes: D81 G32 H43 (search for similar items in EconPapers)
Date: 2014
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