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Risk Identification in Project Management

Author

Listed:
  • Ungureanu Anca

    () (Spiru Haret University, Bucuresti, Romania)

  • Braicu Cezar

    () (Spiru Haret University, Bucuresti, Romania)

  • Adrian Ungureanu

    () (Spiru Haret University, Bucuresti, Romania)

Abstract

Project risk is an uncertain event, provided that, if it occurs, will have a positive or negative effect on one or more of the objectives of the project, such as scope, schedule, cost and quality. Risk conditions could include aspects of the project or organization, years of ongoing risk environment that contributes to the project such as practice immature project management, lack of integrated management systems, competing projects, or dependency on external participants who are direct control over project. Literature Project management plays different definitions of project risk. The variety of definitions for project management risk is caused by the fact that each project (eg in IT projects, construction projects, etc.) may have specific types of risks that may affect project results in different proportions. However, the nature of risks in a project is the same for each type of project, so you should create a common definition of risk.

Suggested Citation

  • Ungureanu Anca & Braicu Cezar & Adrian Ungureanu, 2015. "Risk Identification in Project Management," International Conference on Economic Sciences and Business Administration, Spiru Haret University, vol. 2(1), pages 259-266, December.
  • Handle: RePEc:icb:wpaper:v:2:y:2015:i:1:259-266
    as

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    File URL: http://icesba.eu/RePEc/icb/wpaper/ICESBA2015_32Ungureanu_p259-266.pdf
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    References listed on IDEAS

    as
    1. Elena Gurgu & Cosmina Savu, 2015. "Global Risk Management – A Necessity in a World of Vulnerabilities and of ECO-Economy and BIO -ECO-Economy Needed by ECO-SANO-Genesis," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 4(2), pages 21-38, June.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    risk management; project management; plan; evaluation; analysis; control;

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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