RISK MANAGEMENT STANDARDS FOR P5M

Risk can be managed, minimized, shared, transferred or accepted but it cannot be ignored. An effective and efficient risk management approach requires a proper and systematic methodology and, more importantly, knowledge and experience. Risk management are coordinated activities to direct and control...

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Main Author: PETR ŘEHÁČEK
Format: Article
Language:English
Published: Taylor's University 2018-01-01
Series:Journal of Engineering Science and Technology
Subjects:
Online Access:http://jestec.taylors.edu.my/Vol%2013%20issue%201%20January%202018/13_1_2.pdf
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spelling doaj-a50754dc20e845118199f82e4921579b2020-11-24T22:20:18ZengTaylor's UniversityJournal of Engineering Science and Technology1823-46902018-01-011311134RISK MANAGEMENT STANDARDS FOR P5MPETR ŘEHÁČEK0Department of Systems Engineering, Faculty of Economics, VSB - Technical University of Ostrava, Czech RepublicRisk can be managed, minimized, shared, transferred or accepted but it cannot be ignored. An effective and efficient risk management approach requires a proper and systematic methodology and, more importantly, knowledge and experience. Risk management are coordinated activities to direct and control an organization with regard to risk. Based on this definition, project risk management can be derivatively defined as coordinate activities to direct and control a project with regard to risk. In this way, it becomes an integral part of every aspect of managing the project. The goal of this paper is to present and compare the main standards for project risk management that are currently available today. Five international standards recognized world-wide were selected for comparison PMI, PRINCE2, IPMA, ISO 31000 and IEC 62198. http://jestec.taylors.edu.my/Vol%2013%20issue%201%20January%202018/13_1_2.pdfManagementProjectRiskStandard
collection DOAJ
language English
format Article
sources DOAJ
author PETR ŘEHÁČEK
spellingShingle PETR ŘEHÁČEK
RISK MANAGEMENT STANDARDS FOR P5M
Journal of Engineering Science and Technology
Management
Project
Risk
Standard
author_facet PETR ŘEHÁČEK
author_sort PETR ŘEHÁČEK
title RISK MANAGEMENT STANDARDS FOR P5M
title_short RISK MANAGEMENT STANDARDS FOR P5M
title_full RISK MANAGEMENT STANDARDS FOR P5M
title_fullStr RISK MANAGEMENT STANDARDS FOR P5M
title_full_unstemmed RISK MANAGEMENT STANDARDS FOR P5M
title_sort risk management standards for p5m
publisher Taylor's University
series Journal of Engineering Science and Technology
issn 1823-4690
publishDate 2018-01-01
description Risk can be managed, minimized, shared, transferred or accepted but it cannot be ignored. An effective and efficient risk management approach requires a proper and systematic methodology and, more importantly, knowledge and experience. Risk management are coordinated activities to direct and control an organization with regard to risk. Based on this definition, project risk management can be derivatively defined as coordinate activities to direct and control a project with regard to risk. In this way, it becomes an integral part of every aspect of managing the project. The goal of this paper is to present and compare the main standards for project risk management that are currently available today. Five international standards recognized world-wide were selected for comparison PMI, PRINCE2, IPMA, ISO 31000 and IEC 62198.
topic Management
Project
Risk
Standard
url http://jestec.taylors.edu.my/Vol%2013%20issue%201%20January%202018/13_1_2.pdf
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