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Achieve Sustainable Development of Projects by Integrating Good Risk Management and Performance Evaluation

Author

Listed:
  • Rasha A Waheeb

    (Reconstruction & Projects Department, University of Baghdad & NTNU, Baghdad, Iraq)

  • Gary Cokins

    (Kellogg School of Management, Northwestern University Kellogg School of Management, Cary, NC, US)

Abstract

Risk management strategies protect the company as a whole as well as employees from unexpected financial impacts. As is the case in personal finance, preparing for certain scenarios helps confront any difficulties the company may face and allows it to get out of this predicament. For any project to be successful, it must be determined how the agency implementing the project will deal with potential risks so that it can identify, mitigate or avoid problems when it needs to do so. Successful project managers realize the importance of risk management, because achieving project objectives depends on planning, preparation, results and evaluation that contribute to achieving strategic objectives, especially sustainable development of communities. To ensure the success of your project, determine how you will handle potential risks so that you can identify, mitigate, or avoid problems when you need to do so.

Suggested Citation

  • Rasha A Waheeb & Gary Cokins, 2024. "Achieve Sustainable Development of Projects by Integrating Good Risk Management and Performance Evaluation," Review of Economic Assessment, Anser Press, vol. 3(4), pages 32-51, December.
    • Handle: RePEc:bba:j00010:v:3:y:2024:i:4:p:32-51:d:403
    as

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