Risk Analysis and Risk Management in Projects

Abstract

When building a project, many aspects must be considered: resources, time, and costs. Managing the systems allows the optimisation of the three components for the project’s benefit. A valuable management tool is the risk assessment that must be developed in the beginning and updated during the entire project’s lifecycle. Managing the risk represents the key to a successful project. The paper describes the steps to be followed in designing and implementing a real risk management in projects.