CORRECT RISK MANAGEMENT-THE KEY TO THE SUCCES OF A PROJECT

Dinu Adrian Eugen ()
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Dinu Adrian Eugen: University of Targoviste

Management Strategies Journal, 2023, vol. 60, issue 2, 67-72

Abstract: Today, global borders are rapidly diffusing and one cannot operate in isolation. Rapid changes caused by disruptive technologies have also contributed to the risks. The dynamic environment full of uncertainty in the global economy has forced us to look beyond conventional methods to stay in control and prevent risks from negatively impacting projects. We all need to accept that today's business activities are no longer mutually exclusive, but interconnected and interdependent. Above all, the activities and tasks we perform are associated with greater risks than ever before. The work is based on observations and discussions with project managers and other interested parties in the area of public administration that has ongoing investment projects. The paper tries to highlight the risks associated with projects and aims to help the Project Management Team to relate to these factors, generate greater awareness and increase their success rate. To promote a better understanding by correlating with the risks associated with construction projects, the paper is based on the major risks encountered while implementing a project. The basic objective of this work is to help project teams stay focused and initiate timely corrective actions to prevent negative impact on the project.

Keywords: Risks; project success; stakeholders; owners; contractors; project teams (search for similar items in EconPapers)
JEL-codes: G32 H10 L38 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:60:y:2023:i:2:p:67-72

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