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The Current State Of Project Risk Assessment And Education Needs In Project Risk Management

Author

Listed:
  • Matej Masár

    (University of Žilina, Faculty of Security Engineering, Department of Crisis Management, Žilina)

  • Mária Hudáková

    (University of Žilina, Faculty of Security engineering, Department of Crisis Management, Žilina)

Abstract

Current trends show that education in the field of project risk management is a very actual topic. Long - term projects, which was realized in 2018, was mainly focused on R&D across the world. Short - term projects, was focused on innovation and improve manufacturing processes. Many projects failed because project managers did not manage project risks. Project managers have less knowledge and skills on how to effectively manage project risks, especially risks in the planning phase of projects. The main aim of this article is to analyze the current state of usage project risk assessment across the world, based on own empirical research, which was provided, by authors in 2018 and 2019 (mainly level of usage project risk management methods, experience and level of education). The research focused on analyzing the current state of project risk assessment among continents. The authors focused on the average level of use qualitative and quantitative project risk analysis by project managers, level of project risk management experience by project managers and complexity of learning in using of qualitative and quantitative project risk management methods and tools. Some recommendation were established to educate project managers in the field of project risk management.

Suggested Citation

  • Matej Masár & Mária Hudáková, 2019. "The Current State Of Project Risk Assessment And Education Needs In Project Risk Management," CBU International Conference Proceedings, ISE Research Institute, vol. 7(0), pages 207-214, September.
  • Handle: RePEc:aad:iseicj:v:7:y:2019:i:0:p:207-214
    DOI: 10.12955/cbup.v7.1363
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    More about this item

    Keywords

    risk; project; enterprise; education; risk assessment; research;
    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
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis

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