Quotation Huemann, Martina, Ringhofer, Claudia. 2016. Challenge or Potential? Risk Identification in the Context of Sustainable Development: A Case Study. In: Managing Project Risks for Competitive Advantage in Changing Business Environments, Hrsg. Bodea, C., Purnus, A., Huemann, M., Hajdu, M. 87-105. Hershey PA, USA: IGI Global.


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Abstract

The chapter describes the importance of balancing risk reduction and “taken risks” and what role a holistic risk identification plays in the context of Sustainable Development (SD). It provides a theoretical background on SD, Risk Management and the Environmental Impact Analysis (EIA). It discusses the implementation of SD in the EIA as one example for a holistic risk identification. The link between SD and risk management is discussed and the identified learning potentials for further developing traditional risk identification methods are explained. A risk identification explicitly considering SD as well as considering project and stakeholder risks is presented within a case study. The case study project is Engineering, Procurement and Construction (EPC) of a wind park farm in Brazil from the supplier perspective. Based on SD both, the risks of the project as well as the risks of the project stakeholders are considered. Whereby the chapter shares the risk identification as such as well as the process for which a systemic board constellation was applied.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Chapter in edited volume
Language English
Title Challenge or Potential? Risk Identification in the Context of Sustainable Development: A Case Study
Title of whole publication Managing Project Risks for Competitive Advantage in Changing Business Environments
Editor Bodea, C., Purnus, A., Huemann, M., Hajdu, M.
Page from 87
Page to 105
Location Hershey PA, USA
Publisher IGI Global
Year 2016
Reviewed? Y
ISBN 9781522503354

Associations

People
Huemann, Martina (Details)
Ringhofer, Claudia (Details)
Organization
Project Management Group AB (Details)
Competence Center for Sustainability Transformation and Responsibility WE (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5364 Project management (Details)
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