Risk Management and the Rate of Project Success within Multi-Projects Environment

Master's Thesis from the year 2012 in the subject Business economics - Miscellaneous, grade: 1.5, , course: MSc Project management, language: English, abstract: This is research has the intention to examine risk management in multi project environment with the aim of finding out how organizations do their risk implementations and if the implementation of risk processes within participant organizations has any impact on the rate of project success within a multi-project environment. As found in most literatures, project risk management has concentrated more on single standalone projects as opposed to managing project risk as portfolio where lesson learned from one project could be of benefit to another project within the same project environment. As risk management in projects has evolved over the recent decades as an integral part of project management in recent time, it has gained tremendous attention within the industrial sector because of an increased awareness about the relationship between efforts to reduce risk and project success. Within the academic community, there is the existence of gap in literatures regarding risk management in multiple project environments, and for the fact that the research that has been performed within the academic community has largely focused on the idea of risk management occurring in single project environments; the research will be aimed at how risk management is implemented within the organizations that will be examined, in order to draw up conclusion if risk is better managed at single project level or at multi- project level.