Master thesis deals with risk project management of optimization of supply material to production at Walter s.r.o., which deals with production of CNC machines. Thanks to part-time job in this company and participation in project, I got a lot of information about working of supply material, therefore I can analyze current status of supply. After analysis I am able to evaluate and propose steps for accelerating and better delivering material.

The thesis points out all possible risks that are subsequently secured in a project of firming unpaved roads in cadastral unit Říčky. The theoretical part summerizes the details of the project, risks evident especially during the pre-insvestigation phase of the construction project and ways of solving the possible risks. The practical part deals with the identification of the particular project, includes listing of the risks and concludes with their prevention.

This diploma thesis deals with a problem of risk management of investment projects in building industry. The first part makes us familiar with basic terms and classification of risks. We continue with the importance and the content of risk management in investment projects. This part includes detailed description of technique of managing risks and describes chosen applied methods in this thesis. In the second part the real investment project´s risk management is designed following the information from the first part. The aim of this real project is building up an administrative building in Ostrava. The important data and the identification of danger was work out for elaborated risk management document. The identified risk was analysed and extended with suggestion of its controlling.

Generally, it is accepted that small businesses are becoming increasingly important in terms of employment, wealth creation, and the development of innovation in the global economy. Unfortunately, many small businesses fail before reaching maturity, mainly due to inadequate entrepreneurial skills to establish and grow their businesses. It is, therefore, vital to understand the management abilities that are required to enable start-up businesses to survive. This study's main aim is to propose a risk management training tool to assist business start-ups to mitigate their risks. This is expected to allow for increased business start-up success rates. The aim of the proposed risk mitigation tool will be to provide training to allow small business owners to deal with challenges they face. The tool should assist with minimising the risk of failure and therefore support increased growth and survival of small businesses. The research questions aimed at achieving the primary objective deal with: *The typical risks per start-up phase for small businesses *How to mitigate the risk per business start-up phase *How best to teach entrepreneurs to identify and manage business start-up risk per phase. The research was conducted by means of a literature and empirical study. The literature study reviewed business start-up phases, challenges facing start-up businesses, project life cycle phases, critical factors leading to project failure, project risk management, and principles of serious games design. The challenges facing start-up businesses were tested empirically in practice by means of a measurement instrument, and subsequently evaluated. The size of the sample used was 58 entrepreneurs from start-up businesses. The results from this study show a need for improvements in the following skills for start-up owners/managers: risk management skills, entrepreneurial skills, people management skill, business management skill, and financial management skill. This study proposed a tool to teach entrepreneurs to identify and manage start-up risks per phase. The tool is proposed to be a blended model tool. Thus, the tool consists of the workshop part; whereby, the facilitator is face-to-face with the trainee, and post-training application-based support. / MSc (Computer Science), North-West University, Vaal Triangle Campus, 2014

Generally, it is accepted that small businesses are becoming increasingly important in terms of employment, wealth creation, and the development of innovation in the global economy. Unfortunately, many small businesses fail before reaching maturity, mainly due to inadequate entrepreneurial skills to establish and grow their businesses. It is, therefore, vital to understand the management abilities that are required to enable start-up businesses to survive. This study's main aim is to propose a risk management training tool to assist business start-ups to mitigate their risks. This is expected to allow for increased business start-up success rates. The aim of the proposed risk mitigation tool will be to provide training to allow small business owners to deal with challenges they face. The tool should assist with minimising the risk of failure and therefore support increased growth and survival of small businesses. The research questions aimed at achieving the primary objective deal with: *The typical risks per start-up phase for small businesses *How to mitigate the risk per business start-up phase *How best to teach entrepreneurs to identify and manage business start-up risk per phase. The research was conducted by means of a literature and empirical study. The literature study reviewed business start-up phases, challenges facing start-up businesses, project life cycle phases, critical factors leading to project failure, project risk management, and principles of serious games design. The challenges facing start-up businesses were tested empirically in practice by means of a measurement instrument, and subsequently evaluated. The size of the sample used was 58 entrepreneurs from start-up businesses. The results from this study show a need for improvements in the following skills for start-up owners/managers: risk management skills, entrepreneurial skills, people management skill, business management skill, and financial management skill. This study proposed a tool to teach entrepreneurs to identify and manage start-up risks per phase. The tool is proposed to be a blended model tool. Thus, the tool consists of the workshop part; whereby, the facilitator is face-to-face with the trainee, and post-training application-based support. / MSc (Computer Science), North-West University, Vaal Triangle Campus, 2014

Complex projects often fail even when formal project management systems are in place. Project management processes and methodologies are well defined and described in academic and business literature. There is however less published research on the socio-cultural factors that are critical for project success. This study investigated whether project stakeholders view communication as one of the critical success factors for project success. Critical project success factors were identified from a literature study and ranked by 34 project stakeholders. The data was analysed using the Instant Priorities method and Analytical Hierarchical Process. A workshop on the use of communication within projects was observed. The results were translated into a project success factor model that explains the importance of communication in project success. Furthermore, a serious games based training tool is proposed. The aim of the training will be for participants to understand the communication preferences of themselves and the people they interact with in large projects. The proposed tool will require the participant to map typical stakeholder behavioural preferences. The well-known Marston DISC behavioural model is used as basis for understanding the behavioural preferences of different stakeholder groups. This research project supports the view that communication training across stakeholder groups should be used as a project risk mitigation tool. An increased understanding of the communication preferences of project stakeholders has the potential to shape a project culture that will stimulate teamwork combined with high levels of personal motivation as well as have the capacity to quickly identify and address project risks. / MSc (Computer Science), North-West University, Vaal Triangle Campus, 2014

A composição de um portfolio de projetos é realizada de acordo com um conjunto de critérios de seleção e avaliação de projetos, que permite identificar quais projetos trazem maior valor, benefícios e alinhamento com as estratégias definidas pela organização, para um determinado horizonte de tempo. O grau de exposição a riscos do portfolio de projetos é um dos critérios mais importantes a ser considerado na composição e no balanceamento do portfolio, uma vez que indica a magnitude dos desvios a que o portfolio está sujeito em relação ao atendimento de seus objetivos. Este trabalho apresenta um procedimento para a avaliação do grau de exposição a riscos do portfolio de projetos, que parte dos riscos de cada projeto, e considera seus inter-relacionamentos, bem como outros riscos inerentes ao portfolio como um todo. O procedimento abrange a identificação, análise e tratamento dos riscos do portfolio e a determinação do grau de exposição a riscos no atendimento de cada objetivo e do portfolio com um todo. Através de um estudo de caso, realizado numa empresa multinacional do setor de máquinas e equipamentos, o procedimento foi testado num portfolio composto por nove dos maiores projetos de sua maior unidade de negócio. Foi possível determinar o grau de exposição a riscos do portfolio de projetos frente aos objetivos estratégicos a que se propunha atender valores determinados de margem bruta média e faturamento para o ano fiscal corrente. O estudo de caso permitiu validar a aplicabilidade do procedimento. A identificação dos riscos em comum, das interdependências e de outros riscos abrangentes permitiu identificar causas comuns e proliferações entre os riscos dos projetos e, principalmente, racionalizar recursos no tratamento dos riscos. / When building a project portfolio, evaluation and selection criteria are used to recognize which projects bring greater value, benefits and alignment with the organization strategies defined for a given period of time. One of the most relevant criteria in project portfolio composition and balancing is the risk exposure, as it indicates the magnitude of slippages to which the organization objectives are susceptible. This work presents a procedure for the evaluation of the overall project portfolio risk exposure, considering the risks of each project, the inter-relationships among them, and also other risks inherent to the portfolio as a whole. The procedure encloses portfolio risks identification, analysis and treatment and the assessment of the risk exposure in the attendance of each objective as well as for the complete portfolio. Through a case study, carried through in a world class multinational company of the capital goods sector, the risk analysis procedure has been tested in a portfolio encompassing nine major projects from its main business unit. It has been possible to define the risk exposure related to the strategic objectives this portfolio should fulfill average gross margin and revenues for the current fiscal year. The case study has allowed validating the applicability of the proposed procedure. The identification of common risks, interdependences and other overall portfolio risks has also allowed to recognize common causes, proliferation among projects and, mainly, to rationalize resources in treating these risks.

Complex projects often fail even when formal project management systems are in place. Project management processes and methodologies are well defined and described in academic and business literature. There is however less published research on the socio-cultural factors that are critical for project success. This study investigated whether project stakeholders view communication as one of the critical success factors for project success. Critical project success factors were identified from a literature study and ranked by 34 project stakeholders. The data was analysed using the Instant Priorities method and Analytical Hierarchical Process. A workshop on the use of communication within projects was observed. The results were translated into a project success factor model that explains the importance of communication in project success. Furthermore, a serious games based training tool is proposed. The aim of the training will be for participants to understand the communication preferences of themselves and the people they interact with in large projects. The proposed tool will require the participant to map typical stakeholder behavioural preferences. The well-known Marston DISC behavioural model is used as basis for understanding the behavioural preferences of different stakeholder groups. This research project supports the view that communication training across stakeholder groups should be used as a project risk mitigation tool. An increased understanding of the communication preferences of project stakeholders has the potential to shape a project culture that will stimulate teamwork combined with high levels of personal motivation as well as have the capacity to quickly identify and address project risks. / MSc (Computer Science), North-West University, Vaal Triangle Campus, 2014

A composição de um portfolio de projetos é realizada de acordo com um conjunto de critérios de seleção e avaliação de projetos, que permite identificar quais projetos trazem maior valor, benefícios e alinhamento com as estratégias definidas pela organização, para um determinado horizonte de tempo. O grau de exposição a riscos do portfolio de projetos é um dos critérios mais importantes a ser considerado na composição e no balanceamento do portfolio, uma vez que indica a magnitude dos desvios a que o portfolio está sujeito em relação ao atendimento de seus objetivos. Este trabalho apresenta um procedimento para a avaliação do grau de exposição a riscos do portfolio de projetos, que parte dos riscos de cada projeto, e considera seus inter-relacionamentos, bem como outros riscos inerentes ao portfolio como um todo. O procedimento abrange a identificação, análise e tratamento dos riscos do portfolio e a determinação do grau de exposição a riscos no atendimento de cada objetivo e do portfolio com um todo. Através de um estudo de caso, realizado numa empresa multinacional do setor de máquinas e equipamentos, o procedimento foi testado num portfolio composto por nove dos maiores projetos de sua maior unidade de negócio. Foi possível determinar o grau de exposição a riscos do portfolio de projetos frente aos objetivos estratégicos a que se propunha atender valores determinados de margem bruta média e faturamento para o ano fiscal corrente. O estudo de caso permitiu validar a aplicabilidade do procedimento. A identificação dos riscos em comum, das interdependências e de outros riscos abrangentes permitiu identificar causas comuns e proliferações entre os riscos dos projetos e, principalmente, racionalizar recursos no tratamento dos riscos. / When building a project portfolio, evaluation and selection criteria are used to recognize which projects bring greater value, benefits and alignment with the organization strategies defined for a given period of time. One of the most relevant criteria in project portfolio composition and balancing is the risk exposure, as it indicates the magnitude of slippages to which the organization objectives are susceptible. This work presents a procedure for the evaluation of the overall project portfolio risk exposure, considering the risks of each project, the inter-relationships among them, and also other risks inherent to the portfolio as a whole. The procedure encloses portfolio risks identification, analysis and treatment and the assessment of the risk exposure in the attendance of each objective as well as for the complete portfolio. Through a case study, carried through in a world class multinational company of the capital goods sector, the risk analysis procedure has been tested in a portfolio encompassing nine major projects from its main business unit. It has been possible to define the risk exposure related to the strategic objectives this portfolio should fulfill average gross margin and revenues for the current fiscal year. The case study has allowed validating the applicability of the proposed procedure. The identification of common risks, interdependences and other overall portfolio risks has also allowed to recognize common causes, proliferation among projects and, mainly, to rationalize resources in treating these risks.

This report provides an overview of Project Risk Management (PRM), which is a key part within project management. We performed a case study within a software company to improve their existing PRM process. The methods we used to perform the case study were interviews and a questionnaire. The objective of the case study was to understand the formal guidelines and the informal practices of managing risks in order to locate the lacks and flaws of PRM at the company. Alongside performing the case study, we studied project risk management in various references to build an overview of the characteristics of a successful model for project risk management. The characteristics of the successful model were compared to the data gathered from our case study and resulted in seven findings/weaknesses. To minimise these weaknesses we have suggested four improvement approaches. The improvement suggestions mainly consist of formal guidelines. Besides guidelines, proper Knowledge of PRM, a Risk Officer and clear Communication channels helps facilitate a more successful PRM. / Den här rapporten återger en översikt av PRM (Project Risk Management - Projektriskhantering) som är en grundläggande del av projekthantering. Vi har utfört en fallstudie på ett mjukvaruföretag för att förbättra deras befintliga PRM-process. Metoden som vi använt oss av för att genomföra fallstudien har bestått av intervjuer och en enkätundersökning. Målet med fallstudien var att förstå vilka formella och informella rutiner/riktlinjer som finns och hur de används för att kunna identifiera svagheter i PRM-processen. Parallellt med genomförandet av fallstudien studerade vi PRM i litteraturen utifrån aktuella referenser på området för att kunna ta fram en bild av vilka karaktärsdrag en framgångsrik modell för riskhantering bör innehålla. Dessa karaktärsdrag jämfördes sedan med den data vi fick fram från fallstudien och resulterade i att vi fann sju svagheter med PRM på företaget. För att minimera dessa svagheter så har vi givit fyra förbättringsförslag. I huvudsak består förbättringarna av formella stödmallar. Förutom dessa mallar så behövs även kunskap om fördelarna med PRM, en riskofficer och klara kommunikationskanaler för att skapa en mer lyckosam PRM-process. / mikael@riskmanager.se amir@riskmanager.se