Management

Understanding the Impact of Project Risk Management on Project Performance: an Empirical Study

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The goal of this study is to comprehend the impact of risk management on project performance. Further it aims to
investigate the degree of diffusion of risk management practice in Brazilian companies. The methodological approach
involves a survey of 415 projects at different levels of complexity in different industrial sectors in several states of Brazil.
The results demonstrate that adopting risk management practices has a significant positive impact on project success.
They also show a positive impact from the presence of a risk manager on project success. The study’s principal limitations
are the methodological choice of non probability sampling and a questionnaire based on respondent perception. From the
practical point of view, paying attention to uncertainties during the project, making use of the risk management techniques
and deeply understand the business environment are critical success factors, demanding attention of project managers
and risk managers. The results demonstrate the impact of risk management practices on project success. They also show
a positive impact from the presence of a risk manager on project success. Furthermore, it demonstrated the importance
of soft skill in risk management.

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: .,

Collation

1-15

Language

English

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NONE

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Subject(s)

Understanding the Impact of Project Risk Managemen

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