INSIGHT INTO PROJECT RISK MANAGEMENT

Mihai Alexandru Botezatu ()
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Mihai Alexandru Botezatu: Romanian-American University, Bucharest, Romania

Journal of Information Systems & Operations Management, 2016, vol. 10, issue 1, 137-150

Abstract: The unprecedented development of project work within all types of organizations and activities, makes specific project issues be largely presented and analyzed in the literature. Project management, as a temporary management activity with precisely defined objectives and resources, has a number of features that require the managerial skills, knowledge and excellent competencies. Lately, increased complexity, duration and diversity of the issues addressed in projects have triggered hazards making room to risk situations which are more and more present. Under such circumstances, risk management is designed to anticipate, prevent, manage and establish the reaction of the project team to possible risk situations, thus becoming an important component of management. This article presents several risk management aspects and ways of taking action for achieving a successful project.

Date: 2016
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