KnE Engineering
ISSN: 2518-6841
The latest conference proceedings on all fields of engineering.
Organizational and Methodological Influence of Risk Management in Projects
Published date: Jun 02 2020
Journal Title: KnE Engineering
Issue title: International Congress on Engineering — Engineering for Evolution
Pages: 209–221
Authors:
Abstract:
Project risk management is essential to managers’ decision making and business success, because it allows the manager to identify, analyse and decide on the most appropriate way to respond to different adversities that may arise during the development of new products, services, processes, projects, continuous improvement, etc. This requires a mind-set that risks have a major influence on the bottom line and use analytical methods or risk management software. It is essential to integrate the entire organizational structure into risk mitigation intervention. The purpose of this paper is to address some of the important topics to consider for well implemented and successful risk management. An approach is taken at both organizational and methodological levels.
Keywords: Risk management, PMBOK, Stakeholders, Methods, New product development
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