Project Management in Public Administration. Risks and Challenges
Project Management in Public Administration. Risks and Challenges

Summary/Abstract: Project risk is the object of interest of people and institutions implementing and financing project activities. Eachproject brings new challenges and risks but also a chance to gain knowledge and development. That is why project managementis becoming a standard that receives more and more attention. At the stage of launching a project, it is necessary to conductrisk analysis, which allows risks identification, characterisation and proper assessment. This analysis enables the developmentof a risk prevention plan, indicating ways to respond to challenging situations when they occur. It also allows the introductionof risk monitoring methods. The specified stages of risk management are well known in public administration, especiallyto those institutions that raise funds for implementing projects and then manage them. In public administration, institutionsimplementing projects are obliged to carry out management control, and some responsibilities related to risk managementhave been imposed on applicants. Therefore, it becomes necessary for project managers and unit managers to understand its(risk) importance for achieving the objectives of the organisation’s projects and the potential benefits that can be obtainedafter its effective implementation. Organisations that can take into account risk management awareness in projects willbe able to use the risk management process to improve the results and increase the satisfaction of all parties interested in theimplementation of projects. This article aims to present the identification and risk assessment in projects and challenges facedby the public administration, including the security system, which has been dynamically acquiring funds for implementingprojects in recent years

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