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Risk Management Strategies in Water Projects in Bulgaria

Author

Listed:
  • Zornitsa Stoyanova

    (University of National and World Economy, Sofia, Bulgaria)

  • Ivelina Petkova

    (University of National and World Economy, Sofia, Bulgaria)

  • Kristina Todorova

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

The successful completion of a project in the water sector depends upon the proper identification of the risk factors, as well as determining the extent of their impact on the project objectives and the development of procedures and methods for specific risk reduction strategies. The aim of the paper is to assess the risk in the implementation of projects in the water sector in Bulgaria and to present strategies for the risk management. The methodological framework includes literature review of different strategies for risk management and risk evaluation of projects in the water sector. Based on the risk assessment, risk management strategies are defined depending on the type of risk.

Suggested Citation

  • Zornitsa Stoyanova & Ivelina Petkova & Kristina Todorova, 2018. "Risk Management Strategies in Water Projects in Bulgaria," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 228-238, June.
    • Handle: RePEc:nwe:eajour:y:2018:i:2:p:228-238
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    References listed on IDEAS

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    1. Unknown, 2016. "Department Publications 2014," Publications Lists 239845, University of Minnesota, Department of Applied Economics.
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    Citations

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    Cited by:

    1. Obadiah Mutinda Kithome & Dr. Angelline Mulwa & Dr. Charles M. Wafula, 2021. "Project Design Approaches, Community Participation and Performance of Water Projects," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(07), pages 242-250, July.
    2. Obadiah Mutinda Kithome & Dr. Angelline Mulwa & Dr. Charles M. Wafula, 2021. "Project Design Approaches, Community Participation and Performance of Water Projects," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(7), pages 242-250, July.
    3. Economic Research Institute at BAS (ed.), 2020. "Economic Development and Policies – Realities and Prospects," ERI-BAS Books, Bulgarian Academy of Sciences - Economic Research Institute, number 36:p:1-884, September.
    4. Rosen Kirilov, 2020. "Technological Opportunities for the Digitization of the Career Development Processes," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 184-195, March.

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    More about this item

    Keywords

    strategy; project management; Risk Management; water sector;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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