Risk Management in Private Sector Projects

Background. A risk is inseparably related to the planning and execution of each project. A project risk is an event that may have impact on the achievement of project goals and objectives. Therefore, it is extremely important to minimize the likelihood of the occurrence and impact of potential negative events, and at the same time to take full advantage of opportunities for improvement. In other words, there is a need for project risk management.Research aims. Point out the aspects and risk management processes which are perceived to have the biggest impact on the success of a project. Indicate the risk management techniques most often used.Methodology. The search for project aspects and risk management techniques was based on scientific literature review. Exploration of actual application of risk management in private sector projects was based on surveying experts. The participants were entrepreneurs from across Poland who belonged to the Association of Project Management Poland and postgraduate.Key findings. Among the many aspects and techniques of the risk management suggestions for those which may increase the chances of achieving project success.