RISK MANAGEMENT IN THE DEVELOPMENT OF TRANSPORT PROJECTS
RISK MANAGEMENT IN THE DEVELOPMENT OF TRANSPORT PROJECTS

Summary/Abstract: The realization of transport projects is accompanied by multiple risks which vary in nature. This is determined by the specificity of the transport activity and the multitude of internal and external factors which influence it. The occurrence of risks is caused by the inability to predict events which will take place in the future. This could lead to disasters, emergency situations and a lot of negative consequences for the transport firm such as reduced productivity, low competitiveness and insufficient highly qualified work force. Therefore, risk management in the development of transport projects needs to be aimed at the development and implementation of various methods which can reduce risks or prevent the probability for occurrence of unwanted events.

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