RISK MANAGEMENT IN LOGISTIC PROJECTS

1 BUBEL Dagmara
Institution:
1 Main Library of Częstochowa University of Technology, Poland, EU, dagmarab@bg.pcz.pl
Conference:
Carpathian Logistics Congress, Priessnitz Spa, Jesenik, Czech Republic, EU, November 4th - 6th 2015
Proceedings:
Proceedings Carpathian Logistics Congress
Pages:
250-256
ISBN:
978-80-87294-61-1
ISSN:
2694-9318
Published:
18th April 2016
Proceedings of the conference were published in Web of Science.
Metrics:
545 views / 205 downloads
Abstract

Projects implemented in the area of logistics are more and more often distinguished within the activity of modern enterprises and supply chains. They represent the practical aspect of solutions that should be implemented to avoid or mitigate problems connected with the flow of materials, knowledge, information and finances. The project approach in logistics is becoming more and more important in recent days. However, planning and implementation of a logistic project of any type entails some degree of risk. Taking decisions in the area of the selection of a logistic project requires ability to predict future actions, as focus on the future makes risk and uncertainty an important problem in decision-making. Significant level of risk is one of the main characteristics of logistic projects, which means that too many undesired factors may impact the implementation of a given logistic project. A relatively high risk occurs in logistic processes, which are characterised with a high level of innovativeness and uniqueness. However, practically all decisions entail certain consequences for the activities and results of a logistic project. For a logistic project to be successful it is necessary to be able to control risky events - threats and conditions of action, which may have a negative impact on the objectives of a logistic project. The implementation of a logistic project may fail due to a range of threats, therefore their identification and implementation of a process of their management is a key element of risk management in a logistic project. The main objective is thus to evaluate the risk of a logistic project to measure the impact of identified threats connected with the implementation of the project. Risk management in the aspect of logistic projects basically refers to the process of prioritisation of identified risks and is aimed at their further analysis, evaluation and aggregation as well as determining the probability of the possibility of their occurrence.

Keywords: management, risk, logistic projects

© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Scroll to Top