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Essential Features Of Planning Projects In A Risky Context

Author

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  • Nicolae-Alexandru PANA

    (Valahia University, Târgoviste, Romania)

Abstract

The issue of risk management in projects and its influence on the improvement of project management process is a highly topical and very important for any organization that wants a successful implementation of managed projects. The importance of studying risk management process in projects has resulted from its interdisciplinary nature, which clearly influences the management of projects and its capacity to implement projects in a risky context. In our country, the state of scientific research is still descriptive. Therefore, we discover the need of a significant scientific support to ensure an efficient risk management process in projects implemented in the Romanian state. From this point of view it results a need for a systematic approach to risk management actions on the projects managed within our organization. Any organizational structure that wants to achieve performance should have a department of risk and a risk strategy anchored in the realities of today's national and global economy. Thus, the risk management process is established as an important act, whose main objectives are to minimize potential negative identified risks and to maximize the potential of positive risks to be realized.

Suggested Citation

  • Nicolae-Alexandru PANA, 2011. "Essential Features Of Planning Projects In A Risky Context," HOLISTICA Journal of Business and Public Administration, Association Holistic Research Academic (HoRA), vol. 2(1), pages 61-68, January -.
    • Handle: RePEc:urn:urnste:v:2:y:2011:i:1:p:61-68
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    More about this item

    Keywords

    project manager; risk management; risk evaluation; uncertainty;
    All these keywords.

    JEL classification:

    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

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