IDEAS home Printed from
   My bibliography  Save this article

Why is the Risk Analysis Essential in the Project Management Process?


  • RUBIN, Mylene


According to some experts, the risk analysis is a complex and compulsory step in the project management that assures its success. Indeed, its aim is to allow the company to identify, analyze and respond the different risks it may has to face thanks to various tools like the Delphi Method, the fishbone diagram, the FMEA (Failure Mode and Effect Analysis), etc. This research paper highlights the major role of the risk analysis illustrated during all the demonstration by the example of a press conference organization in January 2014. The results are that a complete risk analysis increases the success probability of companies projects thanks to the following five steps underlined in the PMBOK Guide. However, this report emphasizes that even if there is several tools that are available for companies, they have to use them carefully, cleverly and efficiently during the whole project management from the risks identification to its real facing.

Suggested Citation

  • RUBIN, Mylene, 2013. "Why is the Risk Analysis Essential in the Project Management Process?," Romanian Distribution Committee Magazine, Romanian Distribution Committee, vol. 4(4), pages 31-42, December.
  • Handle: RePEc:rdc:journl:v:4:y:2013:i:4:p:31-42

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Otniel DIDRAGA, 2013. "The Role and the Effects of Risk Management in IT Projects Success," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 17(1), pages 86-98.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. G. K. Deshmukh & Hory Sankar Mukerjee & U. Devi Prasad, 2020. "Risk Management in Global CRM IT Projects," Business Perspectives and Research, , vol. 8(2), pages 156-172, July.

    More about this item


    Project risk analysis; project management; project success; project performance;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rdc:journl:v:4:y:2013:i:4:p:31-42. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Theodor Valentin Purcarea (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.