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Scientific Article details

Title Sustainability of Business through Project Risk Identification with Use of Expert Estimates
ID_Doc 66753
Authors Buganova, K; Luskova, M; Kubas, J; Brutovsky, M; Slepecky, J
Title Sustainability of Business through Project Risk Identification with Use of Expert Estimates
Year 2021
Published Sustainability, 13, 11
DOI 10.3390/su13116311
Abstract Projects are a tool that enables enterprises to implement innovation and development activities and achieve the goals in the set time, costs and required quality but they also bring risks that need to be adequately identified, analyzed and assessed. Important tools that can be used in project management in the process of risk identification are expert estimates. However, little attention is paid to determining the accuracy of expert estimates. To verify the accuracy of expert estimates, an analysis of all completed projects for a certain period of enterprise that implemented them was performed. The purpose of the study was to determine the accuracy of expert estimates in the enterprise implementing projects. This was ascertained by analyzing all available completed projects and by Barnard's test at the significance level of alpha = 0.05. The Phi coefficient of association was used to determine its extent. In the paper, we pointed out how inappropriate expert estimates affect the completion of the project within the specified period.
Author Keywords sustainable entrepreneurship; risk management; project management; risk identification; expert estimates
Index Keywords Index Keywords
Document Type Other
Open Access Open Access
Source Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI)
EID WOS:000660745800001
WoS Category Green & Sustainable Science & Technology; Environmental Sciences; Environmental Studies
Research Area Science & Technology - Other Topics; Environmental Sciences & Ecology
PDF https://www.mdpi.com/2071-1050/13/11/6311/pdf?version=1622634827
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