Risk in project management in the automotive industry on the example of a selected company

Introduction/background: Despite the existence of many standards, guidelines and methods for risk management in manufacturing companies, it is still an issue that is often overlooked in management practice. This is due to the natural reluctance of managers to deal with risks related to ongoing projects and processes, which additionally require additional organisational effort and the use of various inputs. This paper presents the problem of risk management in projects implemented in a selected automotive company. Aim of the paper: The main aim of the paper was to develop and implement a risk management model for the project management process, which includes stages such as: identification of risk factors in ongoing projects, risk analysis and evaluation, and development of risk response methods. Materials and methods: In the research part, heuristic and statistical methods (group, ocean of experts) were used to identify key project risks. In addition, a qualitative method such as a risk matrix was used to analyse and evaluate risks. An element of the risk management model of options in response to risk was also identified. Results and conclusions: This paper presents how to determine the key risk factors in projects and how to use them in a risk management model for projects in the selected company. The model can be used for risk management in projects in other companies.