Engineering
3 years ago

Implementing Risk Management Saves Russian Design Organizations from Catastrophic Consequences.

Vestnik Universiteta
Risk management system in Russian design organizations: rationale for implementation
A. O. Postolakiy, А. В. Савин

Paper Summary

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The article discusses how Russian design organizations can benefit from implementing a risk management system. It reviews methods for managing project risks and highlights common problems faced by these organizations. The negative impact of not actively managing risks is also discussed. The article outlines the reasons for implementing a risk management system and describes the stages of its implementation. Overall, the effectiveness and efficiency of a risk management system in design organizations are emphasized.