Managing Project Risks for Competitive Advantage in Changing Business Environments

Managing Project Risks for Competitive Advantage in Changing Business Environments

Constanta-Nicoleta Bodea (Bucharest University of Economic Studies, Centre for Industrial and Services Economics, Romania), Augustin Purnus (Technical University of Civil Engineering Bucharest, Romania), Martina Huemann (WU-Vienna University of Economics & Business, Austria) and Miklós Hajdu (Budapest University of Technology and Economics, Hungary)
Release Date: May, 2016|Copyright: © 2016 |Pages: 348
ISBN13: 9781522503354|ISBN10: 1522503358|EISBN13: 9781522503361|DOI: 10.4018/978-1-5225-0335-4


Risk management is a vital concern in any organization. In order to succeed in the competitive modern business environment, the decision-making process must be effectively governed and managed.

Managing Project Risks for Competitive Advantage in Changing Business Environments presents critical discussions on effective risk management in projects and methods to ensure overall success in project outcomes. Highlighting theoretical foundations, innovative practices, and real-world applications, this book is a pivotal reference source for managers, practitioners, upper-level students, and other professionals interested in how to properly adopt project risk management systems and tools.

Topics Covered

The many academic areas covered in this publication include, but are not limited to:

  • Construction Projects
  • Educational Programs
  • Investment Portfolios
  • Monte Carlo Simulations
  • Project Marketing
  • Project Risk Constellations
  • Sustainability

Reviews and Testimonials

International contributors in civil engineering, project management, construction management, economics, and international management reveal the latest work in traditional and emerging approaches to project risk management. Chapters are grouped in sections on approaches and theories, methods and cases, and financial, social, and stakeholder perspectives. Some topics explored include integrating sustainability into project risk management, managing risks in innovation projects in the services sector, using Monte Carlo simulations for project risk management, improving the management curriculum, and financial risk management. B&W graphs and charts are included.

– ProtoView Reviews

Table of Contents and List of Contributors

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Author(s)/Editor(s) Biography

Constanta-Nicoleta Bodea is professor of artificial intelligence and project management at the Bucharest University of Economic Studies, Romania and senior researcher at Centre for Industrial and Services Economics, Romanian Academy of Science. She started her academic career in 1985. In 1993 she received her PhD degree in Cybernetics and Statistics. Professor Bodea is teaching project management, artificial intelligence and information systems. She authored more than 200 studies, books and working papers at scientific events. Her research relates to project risks management, competences modeling and e-learning. In 2007 she was honored by IPMA for the Outstanding Research Contributions in project management. Professor Bodea is co-founder and president of the Romanian Project Management association. She has an extensive experience on IT and research projects, as project manager and team leader.
Augustin Purnus is Associate Professor at the Technical University of Civil Engineering, Bucharest. He received his PhD in Hydraulic Structures in 1996 at the Technical University of Civil Engineering, Bucharest. Mr. Purnus is the promoter, founder and past president of PMI Romania Chapter. With an experience of almost 30 years gained in various type of projects as designer, construction manager, project manager and consultant in project management, Dr. Purnus holds the Project Manager Professional (PMI) and Certified Senior Project Manager (IPMA) certification. He published as author and co-author of 10 books and more than 100 publications in refereed journals and conferences. His research areas are scheduling, resource optimization, cost engineering, project and portfolio risk management in the field of project management.
Martina Huemann is Head of the Project Management Group in the Department of Strategy and Innovation at WU Wien, Austria. She is Academic Director of the Professional MBA: Project Management, WU Executive Academy. Martina has served and serves in different positions for the further development of the profession and the field of Project Management within professional associations internationally such as IPMA and PMI, and nationally as board member of Project Management Austria. She is also a member of the research board of the German Project Management Association as well as a member of the Academic Advisory Board of NETLIPSE, an international Network of European Investors in Transportation projects. She is Associate Editor of International Journal of Project Management. In her research, she focuses on Human Resource Management in project-oriented organizations, relates sustainable development principles to management and enriches stakeholder management with systemic methods. Martina received the IPMA Research Award 2015 for her study into Human Resource Management in project-oriented organizations which was published by Gower in 2015. Outside of academia, Martina has more than 15 years of consulting and developing experience. She is co-founder and manager of enable2change – a network of independent experts who enable organizations and people to turn strategy into action.
Miklos Hajdu received his PhD degree in construction management in 1995 at the Budapest University of Technology and Economics. He is a professor of construction management at Budapest University of Technology and Economics, Hungary. He has served and serves in several professional bodies in different positions, he was founding president of the Hungarian Project Management Association, and the vice-president of the Hungarian Scientific Society for Building. Professor Hajdu is associate editor of the International Journal of Construction Management, and member of the editorial board of several Hungarian and international journals. He has over hundred publications including books and papers in refereed international journals. His research areas include but are not limited to optimization problems of Construction and Project management such as scheduling, cost and resource optimization.