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Risk Mitigation Strategies in Innovative Projects

In: Key Issues for Management of Innovative Projects

Author

Listed:
  • Riaz Ahmed

Abstract

This chapter discusses the challenge imposed by the dispersed innovation that shifts toward replicating the positive traits of co-location and coupling it with the unique advantages of the global initiative. Key concepts in this chapter include project risk, risk pertinent to the innovative projects, importance of risk mitigation in innovative projects, different risk categorization involved in mitigating risk in innovative projects, risk mitigation planning, risk mitigation strategies in innovative projects, and risk evaluation and mitigation strategies (REMS) in various types of innovative projects including the lesson learnt from the innovative projects to handle project risk by adopting risk mitigation strategies.

Suggested Citation

  • Riaz Ahmed, 2017. "Risk Mitigation Strategies in Innovative Projects," Chapters, in: Bernardo Llamas & Felipe Luis Mazadiego & Maria Dolores Storch De Gracia (ed.), Key Issues for Management of Innovative Projects, IntechOpen.
    • Handle: RePEc:ito:pchaps:112268
    DOI: 10.5772/intechopen.69004
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    More about this item

    Keywords

    strategies; risk evaluation; risk mitigation; innovative projects;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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