RISK REDUCTION IN TRANSPORT PROJECT MANAGEMENT

Svetla Tzvetkova

Abstract

The management of each transport project involves probabilities for the emergence of different types of risks conditioned by the uncertainty which results from the dynamic development of modern society and the specificity of transport activities, as well as the impossibility to foresee future events. This in turn could lead to serious negative consequences such as reduced enterprise productivity, low competitive power or lack of highly qualified workforce. The present article determines the necessity to do mandatory preliminary analyses and assessments of the probabilities for the emergence of future risks when it comes to managing the development of transport projects; it also indicates specific approaches and methods for the reduction of said risks.

Key words

risk reduction; management of transport projects; sources; factors; assessment and analysis of possible risks; approaches and methods for reducing risks.

JEL Codes: R 40, R 49

References

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Zhukov, V. V. (2004). Biznes-plan inovatsionnogo proekta, Publ. House MЭI

 

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