Abstract
Enterprises want to focus on successfully managed projects. Projects must be focused on fulfilling project expectations and setting project objectives. It is necessary to ensure the early identification of project risks. If managers understand and know project risks, they can mitigate them. They can use mitigation to prevent projects from failing, or financial loses in the company. The main aim of this paper is the identification of project risks of a new product in a particular company in the Slovak Republic using the method of brainstorming. Risks can positively but mainly negatively affect the implementation of the proposed project. The proposed project was created based on the methods of analysis, forecasting, comparison, synthesis and provided information from a specific enterprise. The identified risks are grouped into the specified project implementation categories, in order to better identify the identified risks as well as to implement other project risk management steps. The results of the study show that early identification of project risks should be a responsibility for project team members, for top managers and the corporate culture of each enterprise.
Highlights
Project risk management is a main part of project management
The main goal of this paper is to identify the project risks of a new product in a particular company in the Slovak Republic, which can positively and negatively affect the successful implementation of the proposed project
The project development, production, and sales of the new product was created through analysis of scientific articles, benchmarking, forecasts and information, all of which were provided by managers in the enterprise
Summary
Project risk management is a main part of project management. Projects are very comprehensive, with higher costs and more team members take part in these projects nowadays. Projects must reflect new trends, projects management standards, trends, processes, and techniques. PMBOK (2004) defines project management as the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. This definition describes the term project management very unclearly. Project management is integrated into a lot of enterprises activities and processes nowadays. Enterprises use project management when they want to create new products, realize R&D activities, plan for the future, plan and realize some changes, etc. The main goal of this paper is to identify the project risks of a new product in a particular company in the Slovak Republic, which can positively and negatively affect the successful implementation of the proposed project. The proposed project consists of a product description, a project timeline, project budget and project financial metrics
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