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

doi:10.12700/aph.13.5.2016.5.13

Cited by 4 publications

(2 citation statements)

References 29 publications

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“…2001 and. Furthermore, success and failure rates may vary depending on the type of project, such as industry type, complexity, client, size, and uniqueness (Ojiako, Johansen, and Greenwood 2008). According to Amade et al (2012).…”

Section: Risk Monitoring and Controlmentioning

confidence: 99%

Effect of Project Risk Management on Project Success in Rwandan Logistics Companies; A Case of KARA Logistics Company in Nyarugenge District (2018 to 2022)

2024

JOEPM

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This research is investigating the effect of project risk management on success of KARA logistics project. This research achieved the following objectives: to assess the effect of risk identification on project success of KARA logistics company; to examine the effect of risk analysis on project success of KARA logistics company; to analyze the effect of risk mitigation on project success of KARA logistics company and to evaluate how risk monitoring and control affect success of KARA logistics company.The research also was compared two variables which are independents and dependents variables. It is a quantitative

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Section: Risk Monitoring and Controlmentioning

confidence: 99%

Effect of Project Risk Management on Project Success in Rwandan Logistics Companies; A Case of KARA Logistics Company in Nyarugenge District (2018 to 2022)

2024

JOEPM

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“…Researchers have also highlighted that not only should the success rate be identified, and the success criteria based on which the success rate is defined, but also the factors that increase the potential for achieving success [10,31,[53][54][55]. Moreover, Müller and Turner [56,57] revealed that project managers play a key role in achieving project success since they can compensate for minor deficiencies; Goleman [58] highlighted the need for a proper, empathy-based leadership style; Fekete and Szontágh [29] and Jovanović et al [59] identified how risk management bears critical importance; Abdi Khalife and coauthors [1] argued that project management can increase efficiency and effectiveness; and Wang et al [60] noted that, in addition to adequate resource availability and public support, stakeholder management, communication, and a clear strategic vision are invaluable for achieving project success. However, researchers have also highlighted the need for a strong business case [61,62].…”

Section: Project Successmentioning

confidence: 99%

Differences between Public-Sector and Private-Sector Project Management Practices in Hungary from a Competency Point of View

Blaskovics,

Maró,

Klimkó

et al. 2023

Sustainability

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Both sustainability and strategic goals are realized in the course of implementing projects and in this way, projects are crucial for companies. Despite the growing importance of projects and the vast resources allocated to them, the success rates achieved by these projects are still considered low. Numerous reasons have been identified in the literature for why a project might succeed or fail, and it has also been revealed that a competent project manager is a key factor in this process. However, papers have mainly focused on analyzing the required competencies in general, while the sector involved is rarely considered. Thus, this paper investigates, within an exploratory framework, the success and failure rates of projects and project management competencies in Hungarian public- and private-sector organizations by using the Mann–Whitney test. Based on the results, the authors reject the idea that public-sector organizations perform better than those in the private sector, but the analysis of the data also revealed that there were differences in the perceived importance of skills in the two sectors. Customer orientation and business acumen were considered significantly more important in the private sector than in the public sector, based on the sample available. This study also revealed possible correlations among the knowledge areas and skills required. In addition to contributions to the understanding of project success, this paper can also help to improve the project management frameworks applied in public and private companies. Furthermore, the findings can be adapted for projects that require a special attribute, such as sustainability.

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The specificities of risk identification and express estimation of investment projects in modern conditions

Chechenova

Volykhina

Egorov

2019

BSRR

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Objective: When assessing the risks of an investment project, it is necessary to take into account the uniqueness of each project, which requires the search for completely new solutions, the application and combination of various tools and assessment methods for the effective implementation of the project. The objective is to develop and test an algorithm for express risk assessment of an investment project using an integral risk factor. In order to achieve this the following issues are considered: the development of the risk theory and the main stages of its development, the modern concept of risk and risk classification in the context of investment projects, modern methods for assessing the risks of investment projects and their problems. Next, the concept of an integral risk factor is introduced and an express assessment of risks of a local investment project is carried out using an integral risk factor. Methods: The classical methods of identifying and assessing project risks (the method of expert estimates, the Monte-Carlo simulation method), the comparative method, analysis, and synthesis are used in the study. Results: The basic characteristics of the concept of “risk” inherent in the modern understanding were formulated. A new concept of the integral risk factor and the method of its calculation were proposed. Alternative scenarios for the implementation of the investment project using the integral risk factor were developed. An algorithm for complex risk express assessment of an investment project on a multi-brand dealer auto center construction was developed by means of an integral risk factor and Monte-Carlo simulation method. Practical importance: The developed algorithm can be used by managers to identify and evaluate or carry out an express assessment of complex risks of investment projects in the process of operating real projects, as well as to provide background for developing new and more advanced methods of project risks assessment.

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

Abstract: The paper explores the impact of the main elements of the strategic investment projects management process in South East

Cited by 4 publications

References 29 publications

Effect of Project Risk Management on Project Success in Rwandan Logistics Companies; A Case of KARA Logistics Company in Nyarugenge District (2018 to 2022)

Effect of Project Risk Management on Project Success in Rwandan Logistics Companies; A Case of KARA Logistics Company in Nyarugenge District (2018 to 2022)

Differences between Public-Sector and Private-Sector Project Management Practices in Hungary from a Competency Point of View

The specificities of risk identification and express estimation of investment projects in modern conditions

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