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Risk Management and Knowledge Management as Critical Success Factors of Sustainability Projects

Author

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  • Radek Doskočil

    (Department of Informatics, Faculty of Business and Management, Brno University of Technology, Kolejní 2906/4, 612 00 Brno, Czech Republic)

  • Branislav Lacko

    (Institute of Automation and Computer Science, Faculty of Mechanical Engineering, Brno University of Technology, Technická 2896/2, 616 69 Brno, Czech Republic)

Abstract

The paper is focused on the analysis of the key aspects of sustainability projects, namely advanced risk management and project knowledge. These aspects are recommended to the attention of institutions and project managers when designing and executing new projects simultaneously with quality and project status management. The aim of the paper is to point out the critical factors that have recently affected the success of sustainability projects, which is also its contribution. Empirical research focused on the identification of the application level of the post-project phases in project management in the Czech Republic in 2016 and 2017 was performed. The research was performed as qualitative research employing observation and inquiry methods in the form of a controlled semistructured interview. The research identified 21 most common reasons for not executing post-project phases. Ensuring good and efficient progress of post-project phases, in particular by the means of post-implementation system analysis and compilation of a set of improvement suggestions for subsequent project management, forms the practical background for application of knowledge management and project management principles. A case study focused on the application of fuzzy logic in project risk assessment has been elaborated. In practice, current project management requires the application of advanced risk analysis methods that will replace the simple risk values estimated by calculations of separate risk components.

Suggested Citation

  • Radek Doskočil & Branislav Lacko, 2018. "Risk Management and Knowledge Management as Critical Success Factors of Sustainability Projects," Sustainability, MDPI, vol. 10(5), pages 1-13, May.
    • Handle: RePEc:gam:jsusta:v:10:y:2018:i:5:p:1438-:d:144744
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    References listed on IDEAS

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    5. Jingxiao Zhang & Hui Li & Steve Hsueh-Ming Wang, 2017. "Analysis and Potential Application of the Maturity of Growth Management in the Developing Construction Industry of a Province of China: A Case Study," Sustainability, MDPI, vol. 9(1), pages 1-36, January.
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    Cited by:

    1. Anna Visvizi & Miltiadis D. Lytras, 2018. "It’s Not a Fad: Smart Cities and Smart Villages Research in European and Global Contexts," Sustainability, MDPI, vol. 10(8), pages 1-10, August.
    2. Mateusz Trzeciak, 2021. "Sustainable Risk Management in IT Enterprises," Risks, MDPI, vol. 9(7), pages 1-20, July.
    3. Sławomir Wawak & Žanesa Ljevo & Mladen Vukomanović, 2020. "Understanding the Key Quality Factors in Construction Projects—A Systematic Literature Review," Sustainability, MDPI, vol. 12(24), pages 1-25, December.
    4. Ludovic-Alexandre Vidal & Franck Marle & Mathieu Dernis, 2021. "Modeling and Estimating Host Country Values in International Projects to Facilitate In-Country Value Creation," Sustainability, MDPI, vol. 13(10), pages 1-21, May.
    5. Bulent Akkaya & Mirela Panait & Simona Andreea Apostu & Yesim Kaya, 2022. "Agile Leadership and Perceived Career Success: The Mediating Role of Job Embeddedness," IJERPH, MDPI, vol. 19(8), pages 1-13, April.
    6. Ruth Borg & Rebecca Dalli Gonzi & Simon Paul Borg, 2020. "Building Sustainably: A Pilot Study on the Project Manager’s Contribution in Delivering Sustainable Construction Projects—A Maltese and International Perspective," Sustainability, MDPI, vol. 12(23), pages 1-15, December.
    7. Marko M. Mihić & Zorica A. Dodevska & Marija Lj. Todorović & Vladimir Lj. Obradović & Dejan Č. Petrović, 2018. "Reducing Risks in Energy Innovation Projects: Complexity Theory Perspective," Sustainability, MDPI, vol. 10(9), pages 1-24, August.
    8. Alberto Cerezo-Narváez & Andrés Pastor-Fernández & Manuel Otero-Mateo & Pablo Ballesteros-Pérez, 2022. "The Influence of Knowledge on Managing Risk for the Success in Complex Construction Projects: The IPMA Approach," Sustainability, MDPI, vol. 14(15), pages 1-30, August.
    9. Jin Woo Won & Wooyong Jung & Seung Heon Han & Sungmin Yun & Bonsang Koo, 2019. "What Enables a High-Risk Project to Yield High Return from a Construction Contractor’s Perspective?," Sustainability, MDPI, vol. 11(21), pages 1-17, October.
    10. Radek Doskočil & Branislav Lacko, 2019. "Root Cause Analysis in Post Project Phases as Application of Knowledge Management," Sustainability, MDPI, vol. 11(6), pages 1-15, March.

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