Risk management methodological approach in the EU co-funded projects: the case of Greece

Vassilis Orfanos, Michalis Evripiotis and Dimitris Tsatsanis

International Journal of Decision Sciences, Risk and Management, 2011, vol. 3, issue 1/2, 129-152

Abstract: This paper deals with the methodologies for risk management used in Greece in the EU co-funded projects. The role of risk management in modern economies is of utmost importance and its applications cover the majority of business activities. Particularly in the organisations, risk analysis and risk management contribute to handling or avoiding risky projects and concentrating the available resources to value-enhancing activities. Despite its rapid development during the last years and its scientific background strengthening, risk management was encountered as an add-on process to the ordinary running of the organisation. Lately, the full incorporation of risk management in the project management has taken place, which offers great opportunities, not only in terms of risk mitigation but also in the most efficient and timely decision making. The aim of this article is to analyse the risk management within the frame of Greece-EU co-funded projects.

Keywords: risk analysis; risk management; project management; EU; European Union; co-funded projects; co-financed projects; Greece; funding; financing; modern economies; business activities; risky projects; available resources; value-enhancing activities; add-on processes; risk mitigation; decision making; decision sciences; risk management. (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=40751 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijdsrm:v:3:y:2011:i:1/2:p:129-152

Access Statistics for this article

More articles in International Journal of Decision Sciences, Risk and Management from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().