RISK MANAGEMENT OF EUROPEAN PROJECTS. CASE STUDY: P.O.R.
RISK MANAGEMENT OF EUROPEAN PROJECTS. CASE STUDY: P.O.R.

Summary/Abstract: Risk management is an important part of project management because risks are major factors which must be considered during the planning, implementation,monitorization and control process of the project.The analysis of each project refers to: purpose, time, resources, costs, acquisitions, quality, comuunication, financing, but also risks. Risks may have an internal character originating in managerial mistakes, but also an external one, represented by any event outside the organization which can affect negatively the development of the project.A major risk in developing European funding-based projects is the financing risk. By applying advanced quantitative methods for risk analysis we can identify the most adequate response methods for successfully developing such projects. The second category of significant risks may appear in the implementation process of the project. This article analyzes the frequent risks to which POR-financed projects are exposed (The Operational Regional Programme). Without a systemic and realistic preparation of the project proposal and without a rigorous project planning the applicant requiring funds is taking a great risk.

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