SIMPLE STEPS FOR RISK MANAGEMENT IN SMALL AND MEDIUM PROJECTS

Risk management is essential in order to deliver projects in predefined costs, time and quality. An integrated risk management plan in general project management plan helps to manage risk in projects' uncertain environment. Current standards, methodologies and approaches present frameworks for risk management typically for complex projects. The aim of this paper is to present a general valid framework for project risk management. As well, we focus to the minimum set of knowledge that may manage small and medium projects. The presented framework is derived from condensing knowledge from industrial large projects, the paper is the result of collaboration between university and business environment.