Keywords : Planning

An investigation of risk management strategies in projects

Zahra Asadi

Marketing and Branding Research, 2015, Volume 2, Issue 1, Pages 89-100
DOI: 10.33844/mbr.2015.60329

Risk is considered as an inseparable part of any project and since
all the effective factors in projects are not predictable, risk management is
inevitable. One of the biggest administrative problems with internal projects
is the managers’ neglect of the importance of risk management which leads to
delay in projects delivery and increase of the cost of the projects. Since not
all risks are regarded as threats but also as opportunities, risk management is
considered as a balance factor between the loss of threats and the profit
earned through opportunities. It has focused on some strategies for successful
implementation of risk management in projects as well. In the risk management,
the most logical way of planning is managing risk before taking risk. This
study investigated risk and risk management, its aims, components, and
different stages of risk to reach the expected aims and outcomes of the study.