Project Risk Management Implementation in SMEs: A Case Study from Italy

Project Risk Management Implementation in SMEs: A Case Study from Italy

Abstract: Despite its strategical importance, the diffusion of Project Risk Management (PRM) is limited mainly to large companies, leaving a lack of empirical evidence addressing small and medium-sized enterprises (SMEs). Therefore, the objective of this paper is to analyse how to adopt PRM in SMEs with a positive cost-benefit ratio, considering risk management (RM) phases, activities, tools, instruments, procedures and organisational aspects that enable the effective implementation of PRM in SMEs. To identify the fundamental dimensions to insert in the framework, a systematic literature review was performed, and a pilot case study was conducted to test the validity of the empirical framework and improve it. Moreover, after the case analysis, the benefits obtained and the difficulties faced through the adoption of PRM are presented and discussed.

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Main Authors: Lima,Priscila Ferreira de Araujo, Verbano,Chiara
Format: Digital revista
Language:English
Published: Universidad Alberto Hurtado. Facultad de Economía y Negocios 2019
Online Access:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242019000100003
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spelling oai:scielo:S0718-272420190001000032019-05-17Project Risk Management Implementation in SMEs: A Case Study from ItalyLima,Priscila Ferreira de AraujoVerbano,Chiara project risk management project management small and medium-sized enterprises empirical framework case study. Abstract: Despite its strategical importance, the diffusion of Project Risk Management (PRM) is limited mainly to large companies, leaving a lack of empirical evidence addressing small and medium-sized enterprises (SMEs). Therefore, the objective of this paper is to analyse how to adopt PRM in SMEs with a positive cost-benefit ratio, considering risk management (RM) phases, activities, tools, instruments, procedures and organisational aspects that enable the effective implementation of PRM in SMEs. To identify the fundamental dimensions to insert in the framework, a systematic literature review was performed, and a pilot case study was conducted to test the validity of the empirical framework and improve it. Moreover, after the case analysis, the benefits obtained and the difficulties faced through the adoption of PRM are presented and discussed.info:eu-repo/semantics/openAccessUniversidad Alberto Hurtado. Facultad de Economía y NegociosJournal of technology management & innovation v.14 n.1 20192019-01-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242019000100003en10.4067/S0718-27242019000100003
institution SCIELO
collection OJS
country Chile
countrycode CL
component Revista
access En linea
databasecode rev-scielo-cl
tag revista
region America del Sur
libraryname SciELO
language English
format Digital
author Lima,Priscila Ferreira de Araujo
Verbano,Chiara
spellingShingle Lima,Priscila Ferreira de Araujo
Verbano,Chiara
Project Risk Management Implementation in SMEs: A Case Study from Italy
author_facet Lima,Priscila Ferreira de Araujo
Verbano,Chiara
author_sort Lima,Priscila Ferreira de Araujo
title Project Risk Management Implementation in SMEs: A Case Study from Italy
title_short Project Risk Management Implementation in SMEs: A Case Study from Italy
title_full Project Risk Management Implementation in SMEs: A Case Study from Italy
title_fullStr Project Risk Management Implementation in SMEs: A Case Study from Italy
title_full_unstemmed Project Risk Management Implementation in SMEs: A Case Study from Italy
title_sort project risk management implementation in smes: a case study from italy
description Abstract: Despite its strategical importance, the diffusion of Project Risk Management (PRM) is limited mainly to large companies, leaving a lack of empirical evidence addressing small and medium-sized enterprises (SMEs). Therefore, the objective of this paper is to analyse how to adopt PRM in SMEs with a positive cost-benefit ratio, considering risk management (RM) phases, activities, tools, instruments, procedures and organisational aspects that enable the effective implementation of PRM in SMEs. To identify the fundamental dimensions to insert in the framework, a systematic literature review was performed, and a pilot case study was conducted to test the validity of the empirical framework and improve it. Moreover, after the case analysis, the benefits obtained and the difficulties faced through the adoption of PRM are presented and discussed.
publisher Universidad Alberto Hurtado. Facultad de Economía y Negocios
publishDate 2019
url http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242019000100003
work_keys_str_mv AT limapriscilaferreiradearaujo projectriskmanagementimplementationinsmesacasestudyfromitaly
AT verbanochiara projectriskmanagementimplementationinsmesacasestudyfromitaly
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