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Insight Into Project Risk Management

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  • Mihai Alexandru Botezatu

    (Romanian-American University, Bucharest, Romania)

Abstract

The unprecedented development of project work within all types of organizations and activities, makes specific project issues be largely presented and analyzed in the literature. Project management, as a temporary management activity with precisely defined objectives and resources, has a number of features that require the managerial skills, knowledge and excellent competencies. Lately, increased complexity, duration and diversity of the issues addressed in projects have triggered hazards making room to risk situations which are more and more present. Under such circumstances, risk management is designed to anticipate, prevent, manage and establish the reaction of the project team to possible risk situations, thus becoming an important component of management. This article presents several risk management aspects and ways of taking action for achieving a successful project.

Suggested Citation

  • Mihai Alexandru Botezatu, 2016. "Insight Into Project Risk Management," Romanian Economic Business Review, Romanian-American University, vol. 10(1), pages 137-150, May.
    • Handle: RePEc:rau:journl:v:10:y:2016:i:1:p:137-150
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    File URL: http://www.rebe.rau.ro/RePEc/rau/jisomg/SU16/JISOM-SU16-A14.pdf
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    References listed on IDEAS

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    1. James K. Mccollum, 2015. "The Importance Of Project Management Software And Systems Engineering In Mega Projects," Romanian Economic Business Review, Romanian-American University, vol. 9(2), pages 242-248, December.
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    Cited by:

    1. Amouri, Abdellatif & Festa, Giuseppe & Shams, S.M. Riad & Sakka, Georgia & Rossi, Matteo, 2021. "Technological propensity, financial constraints, and entrepreneurial limits in young entrepreneurs’ social business enterprises: The tunisian experience," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    2. Ștefan Cristian Gherghina & Mihai Alexandru Botezatu & Alexandra Hosszu & Liliana Nicoleta Simionescu, 2020. "Small and Medium-Sized Enterprises (SMEs): The Engine of Economic Growth through Investments and Innovation," Sustainability, MDPI, vol. 12(1), pages 1-22, January.

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