Increasing Value and Resilience Through Project Risk Management: A Case Study in the IT Consulting Sector

Raffaele Testorelli (), Anna Tiso () and Chiara Verbano ()
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Raffaele Testorelli: University of Padova
Anna Tiso: University of Padova
Chiara Verbano: University of Padova

Chapter 13 in Small and Medium-Sized Enterprise (SME) Resilience, 2024, pp 279-306 from Springer

Abstract: Abstract In the current dynamic and uncertain business environment, small- and medium-sized enterprises (SMEs) are struggling to enhance their ability to adapt and resist to the changes while pursuing their strategic objectives. In particular, projects are gaining a crucial role for companies’ success, as the main vehicles for managing change and creating innovation. Consequently, Project Risk Management (PRM) is a widely used approach to foster the effect of positive events opportunities while mitigating those related to negative ones, with the final aim of creating value and resilience. For these reasons, there is growing interest in PRM as a value generation process for multiple project stakeholders. This research presents a case study conducted in an SME based in Italy and operating in the information technology (IT) consulting sector, addressing the literature gaps about the creation of value through PRM. From an academic perspective, it provides an overview of the topic, proposing a framework for the analysis of the relationships between the characteristics of the context, the PRM system implemented, and the value generated. Moreover, it supports practitioners with a new measurement system for the value generated through PRM and with guidelines to enhance value generation and resilience.

Keywords: Project Risk Management; Project management; Value generation; Resilience; SMEs (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/978-3-031-50836-3_13

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