Attempted development of a methodology to support project implementation risk management in a manufacturing enterprise

Abstract

PURPOSE: This paper attempts at the development of a methodology to support risk management in project implementation. The methodology refers to a manufacturing enterprise in the automotive sector as this is where the implemented projects are mutually comparable. Based thereon, it is possible to identify past risks during various project stage implementation which may contribute to more effective risk management relating to current and future projects.

DESIGN/METHODOLOGY/APPROACH: Data gathering and analysis of a specific case to draw conclusions, understand mechanisms and indicate effective solutions.

FINDINGS: The purpose of this work is to develop a methodology for gathering and analysis of data concerning the implemented projects in a way enabling their subsequent analysis in order to identify key project risks and provide valuable information.

RESEARCH LIMITATIONS/IMPLICATIONS: The developed methodology shall be used subsequently to create a tool supporting project implementation, taking the form of a spreadsheet. During continued work devoted to the topics covered herein, it is recommended that the developed methodology of data gathering and analysis be implemented into a computer application.

PRACTICAL IMPLICATIONS: The information concerning those aspects may be useful for future risk management as the awareness of the past occurrence of certain threats or opportunities, combined with knowledge of the ways of coping in such circumstances, may contribute to a rapid implementation of an appropriate risk response and, consequently, improve the company’s competitive advantage.

ORIGINALITY/VALUE: The holistic approach to the development of methodology allowing to gather data concerning any implemented projects and analyze it for future reference.