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Risk Management In The Development Of Transport Projects

Author

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  • Svetla Tzvetkova

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

Abstract

The realization of transport projects is accompanied by multiple risks which vary in nature. This is determined by the specificity of the transport activity and the multitude of internal and external factors which influence it. The occurrence of risks is caused by the inability to predict events which will take place in the future. This could lead to disasters, emergency situations and a lot of negative consequences for the transport firm such as reduced productivity, low competitiveness and insufficient highly qualified work force. Therefore, risk management in the development of transport projects needs to be aimed at the development and implementation of various methods which can reduce risks or prevent the probability for occurrence of unwanted events.

Suggested Citation

  • Svetla Tzvetkova, 2020. "Risk Management In The Development Of Transport Projects," Entrepreneurship, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 8(2), pages 173-182.
    • Handle: RePEc:neo:epjour:v:8:y:2020:i:2:p:173-182
    DOI: 10.37708/ep.swu.v8i2.14
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    More about this item

    Keywords

    risk management in transport; development of transport projects; risk reduction methods;
    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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