Purpose of the article: The objective of this research was to examine the helpfulness of new IT tools which are used to project management. IT tools have been an important part of project management for a long time but after the pandemic time became an absolute necessity. The authors of this...

Purpose of the article: The first part of the article shows summarised information on risk management in projects based on the literature review. The second part of the article is a case study made on the basis of materials made available by the company implementing the AZTiE project. The case...

In the last twenty years, ERM has gained relevance in business management and was put to test in many “tail” situations, starting from the SARS outbreaks in 2003 up to recent financial crises (subprime and sovereign debt crises) and regional pandemic. Notwithstanding the lesson learnt, prima...

The uncertainty management theory has become well established over the last 20-30 years. However, the authors suggest that it does not fully address why opportunities often remain unexploited. Empirical studies show a stronger focus on mitigating risks than exploiting opportunities. This paper...

The vast majority of articles on risk in agile-managed projects fail to adequately address the interplay between the agile methodology, the risk management process, and the elements that ultimately determine the success or failure of the project. Too frequently, processes and models are given...

Aim: The aim of this paper is to contribute to the project management studies by systematization, generalization, and structurization of information about an energy megaproject in Cyprus, as well as to provide practical insights and guidance on how megaprojects can be started and managed in...

Significant research on risk management has focused on the development and assessment of risk management models. However, risk management has been often criticized as being inadequate and not achieving its main objectives of bringing greater certainty to projects by minimizing threats and...