Risk Mitigation Strategies in Innovative Projects

Riaz Ahmed

A chapter in Key Issues for Management of Innovative Projects from IntechOpen

Abstract: This chapter discusses the challenge imposed by the dispersed innovation that shifts toward replicating the positive traits of co-location and coupling it with the unique advantages of the global initiative. Key concepts in this chapter include project risk, risk pertinent to the innovative projects, importance of risk mitigation in innovative projects, different risk categorization involved in mitigating risk in innovative projects, risk mitigation planning, risk mitigation strategies in innovative projects, and risk evaluation and mitigation strategies (REMS) in various types of innovative projects including the lesson learnt from the innovative projects to handle project risk by adopting risk mitigation strategies.

Keywords: strategies; risk evaluation; risk mitigation; innovative projects (search for similar items in EconPapers)
JEL-codes: O32 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ito:pchaps:112268

DOI: 10.5772/intechopen.69004

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