ABSTRACT

Systematic project risk management is nowadays widely acknowledged as a significant skill which enables successful implementation of projects of various types within turbulent project environment, and, likewise under very tight delivery time, cost and quality constraints. Companies are increasingly trying to identify and, eventually, to tailor project risk management methods and tools to meet their needs. The current project risk management software packages unfortunately too often fail to meet the characteristics of systematic project risk management process. The major shortcoming is to focus too much on risk analysis and ignoring to provide enough support for the remaining phases of the process. Several important issues need to be addressed by those involved in the development of these tools. The most important ones are: i) Flexible set of techniques; ii) Dynamic checklists & risk knowledge base; iii) Integration of project management tools and project risk management tools; and iv) Integration of concepts ‘risk’ and ‘opportunity’.