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Standard Project Risk Analysis Approach

Author

Listed:
  • Žužek Tena

    (Faculty of Mechanical Engineering, University of Ljubljana, Ljubljana, Slovenia)

  • Rihar Lidija

    (Faculty of Mechanical Engineering, University of Ljubljana, Ljubljana, Slovenia)

  • Berlec Tomaž

    (Faculty of Mechanical Engineering, University of Ljubljana, Ljubljana, Slovenia)

  • Kušar Janez

    (Faculty of Mechanical Engineering, University of Ljubljana, Ljubljana, Slovenia)

Abstract

Background: To stay competitive in a highly unpredictable market of today, companies must be able to manage project risks effectively. The basis for an effective risk management is a thorough risk analysis. Despite the availability of many different risk analysis approaches, companies can be reluctant to use them, since the models are usually complex and very time consuming.

Suggested Citation

  • Žužek Tena & Rihar Lidija & Berlec Tomaž & Kušar Janez, 2020. "Standard Project Risk Analysis Approach," Business Systems Research, Sciendo, vol. 11(2), pages 149-158, October.
    • Handle: RePEc:bit:bsrysr:v:11:y:2020:i:2:p:149-158:n:11
    DOI: 10.2478/bsrj-2020-0021
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    References listed on IDEAS

    as
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    5. Stefano Tonchia, 2018. "Industrial Project Management," Management for Professionals, Springer, edition 2, number 978-3-662-56328-1, December.
    6. Stefano Tonchia, 2018. "The International Standards of Project Management," Management for Professionals, in: Industrial Project Management, edition 2, chapter 2, pages 7-20, Springer.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    risk management; risk analysis; standard risk model; risk map;
    All these keywords.

    JEL classification:

    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis
    • 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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