The Risk Management of Projects Funded by European Funds. Procedural Approach
Keywords:
risk, project risk management, European funds, structural funds, Romania.Abstract
This study has as a starting point the theoretical, methodological and empirical evaluation of the research regarding the project risk management. The results of the evaluation were transposed on the specifics of the projects funded by European funds. The ultimate goal was to reveal a series of effective practices for the procedural approach of the project risk management financed by structural funds. The study presents the most important risks of the projects funded by the EU and points out that the most frequent and expensive risks occur during the implementation phase. Our research brings contributions on three levels: scientific (because it presents the state of knowledge in the field); methodological (because it offers its own methodology of procedural approach of risk management); practical (the study signals the most frequent and expensive risks and provides solutions for their treating).References
Artto, K. A., Kahkonen, K., Pitkanen, P. J. (2000). Unknown Soldier Revisited: A Story of Risk Management, Finland, Helsinki, Project Management Association.
Bassler, D., Oehmen, J., Seering, W., & Ben-Daya, M. (2011). “A comparison of the integration of risk management principles in product development approaches”, in Proceedings of International Conference on Engineering Design ICED11, Kobenhavn, Design Societ.
Besner, C., Hobbs, B. (2012). “The paradox of risk management; a project management practice perspective”, in International Journal of Managing Projects in Business, 5(2), pp. 230-247.
Grubisic, V. F., Gidel, T., & Oligari, A. (2011). “Recommendations for risk identification method selection according to product design and project management maturity, product innovation degree and project team”, in Proceedings of International Conference on Engineering Design ICED11, Kobenhavn, Design Society.
Hertz, D. B. & Thomas, H. (1994). Risk Analysis and its Applications, Detroit: John Wiley & Sons.
Hillson, D. (2003). “Using a Risk Breakdown Structure in Project Management”, Journal of Facilities Management, 2(1), pp. 85–97.
Jaafari, A. (2001). “Management of risks, uncertainties and opportunities on projects: time for a fundamental shift”, International Journal of Project Management, 19, pp. 89-101.
Kutsch, E. (2008), “The effect of intervening conditions on the management of project risk”, International Journal of Managing Projects in Business, 1(4) pp. 602-610.
Kutsch, E. (2006). The influence of intervening conditions on the over-and underestimation of risk, paper presented at European Conference on Information Systems, Gothenburg.
Markowitz, H. M. (1959). Portofolio Selection: Efficient Diversification of Investment, New York: John Wiley & Sons.
Miles, F. M., & Wilson, T. G. (1998, February). “Managing project risk and the performance envelope”, in Proceedings of the 13th Annual Applied Power Electronics Conference and Exposition, APEC, Singapore, pp. 15-19.
Mochal, T., & Mochal, J. (2003). Lecţii de management de proiect, Bucureşti: Editura Codecs.
Mullins, J.W., Forlani, D., Walker, O.C., (1999). “Effects of organizational and decision-maker factors on new product risk taking”, Journal of Product Innovation Management, Vol. 16, pp. 282-294.
Oehmen, J., Ben-Daya, M., Seering, W., & Al-Salamah, M. (2010). “Risk Management in Product Design: Current State, Conceptual Model and Future Research”, Proceedings of the ASME 2010 International Design Engineering Technical Conferences & Computers and Information in Engineering Conference, IDETC/CIE.
Olsson, R. (2008). “Risk management in a multi-project environment. An approach to manage portfolio risks”, International Journal of Quality & Reliability Management, 25, (1), pp. 60-67.
Parker, D., & Mobey, A., (2004). “Action Research to Explore Perceptions of Risk in Project Management”, International Journal of Productivity and Performance Management, 53(1), pp. 18–32.
***, PMI, (2004). A Guide to the Project Management Body of Knowledge, 3rd ed., Project Management Institute - PMI, Newtown Square, PA.
Raz, T., & Hillson, D. (2005). “A comparative review of risk management standards. Risk Management”, An international journal, Vol.7 (4), pp. 53-66.
RUE, 2013, Regulamentul UE nr. 1303/2013 al Parlamentului European şi al Consiliului din 17 dec. 2013, Art. 9.
Škec, S, Štorga, M, Stankovićand, T. & Marjanović, D. (2012). “Mapping risks in product development”, in Proceedings The 12 th . International Design Conference Dubrovnik, Croatia, pp. 311-320.
Porny, S. (2001). Project Management for Dummies, Wiley Publishing Inc
Tobin, J. (1958). “Liquidity Preference as Behavior Towards Risk”, Review of Economic Studies, 25(1), pp. 65-68.
Whittaker, B. (1999). “What went wrong? Unsuccessful information technology projects”, Information Management & Computer Security, 7(1), pp. 23-90.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2017 Anuarul Universitatii "Petre Andrei" din Iasi - Fascicula: Drept, Stiinte Economice, Stiinte Politice & LUMEN Publishing House
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant this journal right of first publication, with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work, with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g. post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g. in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as an earlier and greater citation of published work (See The Effect of Open Access).
