Project Risk Management Based on Known Project Management Methodologies
Purpose: The purpose of this article is to present an approach to project risk management taking into account the various project management methodologies currently used in the world. Design/Methodology/Approach: The experience of project managers in the automotive industry was selected for the study. The article uses the most popular risk methodologies in automotive industry sush as Risk management based on IPMA methodology, Risk management based on PRINCE methodology and Risk management based on TenStep methodology. Findings: As a result of the study, a methodology was selected that is most aligned with the requirements that are placed on the automotive industry regarding project risk management. Practical implications: Regardless of the chosen method of project management in the traditional approach, there are models and processes for risk management that are an integral part of them. Originality/value: A novel approach to project risk management.