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Risk Reduction In Transport Project Management

Author

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  • SVETLA TZVETKOVA

    (University of National and World Economy, Economics of Transport Department)

Abstract

The management of each transport project involves probabilities for the emergence of different types of risks conditioned by the uncertainty which results from the dynamic development of modern society and the specificity of transport activities, as well as the impossibility to foresee future events. This in turn could lead to serious negative consequences such as reduced enterprise productivity, low competitive power or lack of highly qualified workforce. The present article determines the necessity to do mandatory preliminary analyses and assessments of the probabilities for the emergence of future risks when it comes to managing the development of transport projects; it also indicates specific approaches and methods for the reduction of said risks.

Suggested Citation

  • Svetla Tzvetkova, 2018. "Risk Reduction In Transport Project Management," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 14(2), pages 197-203.
    • Handle: RePEc:neo:journl:v:14:y:2018:i:2:p:197-203
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    More about this item

    Keywords

    risk reduction; management of transport projects; sources; factors; assessment and analysis of possible risks; approaches and methods for reducing risks;
    All these keywords.

    JEL classification:

    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
    • R49 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Other

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