Effective Risk Management in Investment Projects Cover Image

Efektywne zarządzanie ryzykiem w projektach inwestycyjnych
Effective Risk Management in Investment Projects

Author(s): Agnieszka Siewiera
Subject(s): Economy, Business Economy / Management
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: risk management; project management; investment; risk analysis

Summary/Abstract: Purpose – The aim of this study is to present the problem of effective risk management in investment projects and to assess the effectiveness of the techniques used in the analysis of projects in the planning and implementation. Research methodology – in the present study used the following methods: literature studies, description, explanation, comparison. Result – The result of the study attempts to show the advantages and disadvantages of risk analysis techniques and their practical applications in the planning and control of implementation of investment projects. The vast majority of risk analysis methods serve only descriptive (qualitative risk analysis), and is used mainly in the planning stage and at the stage of risk identification. Some methods, such as network planning are used primarily in the technical industry investments, and in the study of the investment profitability required to perform sensitivity analysis and scenarios. For organizations important fact is often high costs of implementation of those methods, specialized software and high skills of the project management team. Originality/value – The article shows the need for a comprehensive approach to risk analysis of investment profitability. This will ensure the achievement of the assumed efficiency of the project and the organization itself. The implementation of the appropriate risk management strategies to minimize its effects and cost – methodical can be supported by the international standards.

  • Issue Year: 2016
  • Issue No: 82 (2)
  • Page Range: 605-615
  • Page Count: 11
  • Language: Polish