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Status and Trends of Research in the Field of Project Risk Management
Hubarieva I. O., Marushchenko O. O., Koss A. V.

Hubarieva, Iryna O., Marushchenko, Oleksandr O., and Koss, Anton V. (2023) “Status and Trends of Research in the Field of Project Risk Management.” Business Inform 9:255–262.
https://doi.org/10.32983/2222-4459-2023-9-255-262

Section: Management and Marketing

Article is written in Ukrainian
Downloads/views: 8

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UDC 338.28

Abstract:
The aim of the article is to determine the contextual and temporal regularities of the development of the presentation in the scientific literature of research in the field of project risk management using bibliometric analysis. To achieve this aim, this study analyzed the following: the trend and structural patterns of publication activity of scholars around the world; the geographical structure of affiliation of scientists; the topics of the most cited articles on project risk management, also a bibliometric analysis using the instrumentarium of VOSviewer v. 1.6.10 as the research tools for analyzing relevant literature from the Scopus database on project risk management. A bibliometric analysis with the central category of «project risk» made it possible to identify eight clusters of scientific research on project risk management: the first cluster is focused on risk management methodology, investment and innovation risk, development and implementation of an innovative product, startup; the second – on project risk management in the field of information technology, information systems, software, identification of risk factors and evaluation of project efficiency; the third – on the optimization of risk management, modeling, the use of methods and instruments in the risk management system (hierarchy analysis method, fuzzy logic method); the fourth – on the assessment of risk probability, cost and complexity of the project; the fifth – on the assessment of the quality of the project, substantiation of the management strategy; the sixth – on the peculiarities of the product life cycle, project infrastructure, management of specific project risks (stakeholders, political situation, technology development); the seventh – on the practical application of standards, algorithms, and models of project risk management; the eighth cluster is based on substantiating the choice of the project, setting risk limits, developing algorithms, and using artificial intelligence. A promising area of management is risk management in the field of information technology, namely: risk management of IT projects and software; development and implementation of startups and innovative products; the use of machine learning and artificial intelligence.

Keywords: project, IT project, startup, project risks, bibliometric analysis, risk management, project management, management strategy, innovation, innovative product, artificial intelligence.

Fig.: 4. Tabl.: 2. Bibl.: 11.

Hubarieva Iryna O. – Doctor of Sciences (Economics), Professor, Deputy Director, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkiv, 61166, Ukraine)
Email: [email protected]
Marushchenko Oleksandr O. – Applicant, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkiv, 61166, Ukraine)
Email: [email protected]
Koss Anton V. – Applicant, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkiv, 61166, Ukraine)
Email: [email protected]

List of references in article

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Kozyrieva, O. V., and Ivanov, M. Ye. “Teoretychni aspekty upravlinnia proektnymy ryzykamy v IT-kompaniiakh“ [Theoretical Aspects of Project Risk Management in IT Companies]. Biznes Inform, no. 12 (2019): 420-425. DOI: https://doi.org/10.32983/2222-4459-2019-12-420-425
Bigosinski, J. T. “Risk analysis for project identification, evaluation, and design“. Consult Engineering, vol. 35, no. 5 (1970): 91-95.
Schmidt, J. “Mitigating risk of failure in information technology projects: Causes and mechanisms“. Project Leadership and Society, art. 100097, vol. 4 (2023). DOI: https://doi.org/10.1016/j.plas.2023.100097
Graham, J. R., and Havey, C. R. “The theory and practice of corporate finance: Evidence from the field“. Journal of Financial Economics, vol. 60, no. 2-3 (2001): 187-243. DOI: https://doi.org/10.1016/S0304-405X(01)00044-7
Schmidt, R. et al. “Identifying software project risks: An international Delphi study“. Journal of Management Information Systems, vol. 17, no. 4 (2001): 5-36. DOI: https://doi.org/10.1080/07421222.2001.11045662
Hobday, M. “The project-based organisation: An ideal form for managing complex products and systems?“ Research Policy, vol. 29, no. 7-8 (2000): 871-893. DOI: https://doi.org/10.1016/s0048-7333(00)00110-4
Keil, M. et al. “A framework for identifying software project risks“. Communications of the ACM, vol. 41, no. 11 (1998): 76-83. DOI: https://doi.org/10.1145/287831.287843
Zeng, J., An, M., and Smith, N. J. “Application of a fuzzy based decision making methodology to construction project risk assessment“. International Journal of Project Management, vol. 25, no. 6 (2007): 589-600. DOI: https://doi.org/10.1016/j.ijproman.2007.02.006
Dominko, M. “A bibliometric analysis of circular economy in the fields of business and economics: towards more action-oriented research“. Environment, Development and Sustainability, vol. 25 (2022): 5797-5830. DOI: https://doi.org/10.1007/s10668-022-02347-x
Hubarieva, I. et al. “Podatkovi pilhy: bibliometrychnyi i trendovyi analiz“ [Tax Benefits: Bibliometric and Trend Analysis]. Finansovo-kredytna diialnist: problemy teorii ta praktyky, no. 6 (2022): 398-409. DOI: https://doi.org/10.18371/fcaptp.v6i41.251468

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