The Project Risk Management Process, a Preliminary Study

Abstract

Abstract A process of risk management in projects is a rational chain of practices by which decision-agents plan and execute actions and control the results in order to keep the implementation of the project under certain conditions (time, cost and quality parameters’ set). With the purpose of providing guidelines for the selection of the best practices taking into account the organizational maturity and project complexity, a theoretical framework to classify and associate those practices to each phase of the project life cycle and to each project risk management process is proposed. Future research efforts will be directed towards refining the framework and testing it in multiple case studies.