A Business Intelligence Instrument for Detection and Mitigation of Risks Related to Projects Financed from Structural Funds

Marcel Ioan Bolos, Diana Sabau-Popa (), Emil Scarlat, Ioana-Alexandra Bradea () and Camelia Delcea,
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Marcel Ioan Bolos: University of Oradea
Emil Scarlat: The Bucharest Academy of Economic Studies
Ioana-Alexandra Bradea: The Bucharest Academy of Economic Studies
Camelia Delcea,: The Bucharest Academy of Economic Studies

ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, 2016, vol. 50, issue 2, 165-178

Abstract: The Structural Funds, in order to produce the intended effects, must use their specific management tools, for achieving the strategic objectives, outcome indicators and elements of added value set by each EU member state. The project portfolios must be managed properly. If risks of a project become contagious for other projects, we are witnessing a phenomenon that can compromise the chance that a program financed by Structural Funds to be well carried out. In this paper it is introduced an algorithm to reduce the project implementation risk and an IT interface is designed to serve as a control system, for the permanent measurement and monitoring of the risk indicators, in order to facilitate decision-making and prediction.

Keywords: IT interface; dashboard; portfolio risk management; implementation risk; structural funds. (search for similar items in EconPapers)
JEL-codes: C30 G17 O22 (search for similar items in EconPapers)
Date: 2016
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