RISK MANAGEMENT PLANNING - KEY ELEMENT IN PROJECT INVESTMENT SUCCESS

Authors

  • Constantinescu Dumitru University of Craiova, Faculty of Economics and Business Administration
  • George Dorin Petcu University of Craiova, Faculty of Economics and Business Administration

Abstract

Risk Management Plan is part of the Master Management Plan for each and every project and has a very special particularity, respectively it might be the case never to use any of the planning comparing with other plans included in the Master Management Plan. On the other hand it is possible that the measures included within not to be enough, considering the poor analysis of the risks, therefore is extremely important to understand how to start the analysis and how to assess the risks, respectively how to develop the risk response strategies.
As a first step we need to understand what Risk Management Plan is, what are its components and why it is so important for a project success.

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Published

2016-09-03

Issue

Section

Working Group 4: Management, agriculture mechanization and cadastre