Risk management in SME’s tackled projects

Abstract

Many companies should periodically 
approach internal projects, as mean 
for changing and adapting to the 
market requirements. The failure of 
a project undertaken by a SME can 
have a very important impact on its 
results. Can the SMEs, whose daily 
management is not oriented to 
projects, manage reasonably well 
their projects? The answer could be 
“yes, it can” as long as they have 
suitable methodologies and tools.
This paper presents an analysis of 
eight strategic projects carried out 
by SMEs through interviews with 
their directors.
In this paper, we present a 
diagnosis of the challenges and the 
needs that these companies face, 
when tackle risks management 
in their projects. Furthermore, 
we propose a series of tools to be 
developed or adopted in order to 
implement a simpler and more 
effective risk management in 
projects boarded by SMEs.