Purpose of the article: The first part of the article shows summarised information on risk management in projects based on the literature review. The second part of the article is a case study made on the basis of materials made available by the company implementing the AZTiE project. The case...

Purpose of the article: The objective of this research was to examine the helpfulness of new IT tools which are used to project management. IT tools have been an important part of project management for a long time but after the pandemic time became an absolute necessity. The authors of this...

The uncertainty management theory has become well established over the last 20-30 years. However, the authors suggest that it does not fully address why opportunities often remain unexploited. Empirical studies show a stronger focus on mitigating risks than exploiting opportunities. This paper...

A plant construction project always involves lots of activities. Precise information about the activities duration is unfortunately unavailable due to the uncertain resources capacity. The fuzzy program evaluation and review technique (PERT) has been widely applied to solve the fuzzy project...

The vast majority of articles on risk in agile-managed projects fail to adequately address the interplay between the agile methodology, the risk management process, and the elements that ultimately determine the success or failure of the project. Too frequently, processes and models are given...

This paper differs from scientific papers describing current research. In line with the theme of this special issue, it challenges conventional risk management practice against the background of former research results successfully finished decades ago. It is well-known that conventional...

We introduce a financial stress index that was developed by the Office of Financial Research (OFR FSI) and detail its purpose, construction, interpretation, and use in financial market monitoring. The index employs a novel and flexible methodology using daily data from global financial markets....

While risk management gained popularity during the last decades even some of the basic risk types are still far out of focus. One of these is path dependency that refers to the uncertainty of how we reach a certain level of total performance over time. While decision makers are careful in...