Project risk management methodology for small firms

Marcelino-Sádaba, Sara; Pérez-Ezcurdia, Amaya; Echeverría, Ana María; Villanueva, Pedro

doi:10.1016/j.ijproman.2013.05.009

Cited by 200 publications

(158 citation statements)

References 36 publications

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“…High level of project failure in DC is not a new finding (Heeks, 2002;Kundi & Shah, 2009;Mpazanje et al, 2013;Nauman et al, 2005). Literature suggests that risk management enables project stakeholders become aware of risks in good time and take proper and timely action, thus, contributes to reducing project failure, in other words, enhances project success rate (Bakker et al, 2010;Marcelino-Sádaba et al, 2014;McConnell, 1997;Raz et al, 2002;Zwikael & Ahn, 2011). Emphasizing the contribution of poor practice of risk management to project failures, Boehm (1991:32) suggests that "their problems could have been avoided or strongly reduced if there had been an explicit early concern with identifying and resolving their high-risk elements."…”

Section: 3mentioning

confidence: 99%

Software Project Risk Management Practice in Ethiopia

Teklemariam

Mnkandla

2017

E J Info Sys Dev Countries

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In a country like Ethiopia, where information and communication systems are in the early stage of development, software projects may face several challenges. Risk is one of the factors that challenges project performance, and even causes failure. Risk management helps project managers to control the effect of risks. However, risk management appears to be the least practiced component of project management. To help understand the software risk management practice in the developing countries (DC) context, this study explores the risk management practice of Ethiopian software projects. It also investigates the level of adoption of formal risk management models and which steps are included in the ad-hoc risk management exercise. Finally, it looks into the relationship between risk management practice and project success. We conducted a survey of 45 banks, insurance companies and United Nations agency offices in Addis Ababa, Ethiopia. In this study, a very low rate of application of formal risk management models was observed. We observed a different perception of risk management whereby only watching projects to see if any risks occur during implementation without performing risk identification and mitigation or response plan was considered as a risk management practice by project managers. It was also found that some project managers were not able to confidently tell whether risk management processes have taken place in the projects they manage.

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Section: 3mentioning

confidence: 99%

Software Project Risk Management Practice in Ethiopia

Teklemariam

Mnkandla

2017

E J Info Sys Dev Countries

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“…In Stage control, the stages were accepted, different tasks and possible risk was identified. The risk was mostly related to the demand for more attractive services such as localization risks -natural and social attractions (Marcelino-Sádaba, Pérez-Ezcurdia, Echeverría Lazcano, Villanueva, 2014).…”

Section: Resultsmentioning

confidence: 99%

Application of PRINCE2 Project Management Methodology

Vaníčková

2017

Studia Commercialia Bratislavensia

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The methodology describes the principle of setting a project in PRINCE2 project management. The main aim of the paper is to implement PRINCE2 methodology to be used in an enterprise in the service industry. A partial aim is to choose a supplier of the project among new travel guides. The result of the project activity is a sight-seeing tour/service more attractive for customers in the tourism industry and a possible choice of new job opportunities. The added value of the article is the description of applying the principles, processes and topics of PRINCE2 project management so that they might be used in the field. Key wordsSmall and medium-sized enterprises, services, tourism sector, life cycle of the project, project management, PRINCE2 methodology.

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“…Given the significant relationship between the methods used for the analysis and assessment of risks and the risk factors that are primarily manageable [16,17,18], we have defined the second research hypothesis as follows:…”

Section: H1: the Application Of The Methods For Risk Analysis And Assmentioning

confidence: 99%

Risk Management Impact Assessment on the Success of Strategic Investment Projects: Benchmarking Among Different Sector Companies

2016

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Project risk management methodology for small firms

Cited by 200 publications

References 36 publications

Software Project Risk Management Practice in Ethiopia

Software Project Risk Management Practice in Ethiopia

Application of PRINCE2 Project Management Methodology

Risk Management Impact Assessment on the Success of Strategic Investment Projects: Benchmarking Among Different Sector Companies

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