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

  • Priscila Ferreira de Araujo Lima Dept. Management and Engineering, University of Padova
  • Chiara Verbano Dept. Management and Engineering, University of Padova http://orcid.org/0000-0002-2300-7235
Keywords: 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.

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Author Biographies

Priscila Ferreira de Araujo Lima, Dept. Management and Engineering, University of Padova

Priscila Ferreira de Araujo Lima is PhD student in Engineering Management and Real Estate Economics at the Department of Management and Engineering of the University of Padova. Her main research areas are Project Management and Risk Management.

Chiara Verbano, Dept. Management and Engineering, University of Padova

Chiara Verbano is Associate Professor of Management and Engineering Economics at the Department of Management and Engineering of the University of Padova. Her major research interests are the fields of risk management and innovation management.

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Published
2019-04-25
How to Cite
Ferreira de Araujo Lima, P., & Verbano, C. (2019). Project Risk Management Implementation in SMEs: A Case Study from Italy. Journal of Technology Management & Innovation, 14(1), 3-10. https://doi.org/10.4067/S0718-27242019000100003
Section
Research Articles