Project Risk Assessment in Enterprises with the Use of TOPSIS Method in the 2014–2020 Perspective
Year: 2016
Type: article
Abstract: Ludmi a Walaszczyk * Nowadays the homogeneous market with 500 billion consumers, 220 billion employees and 20 billion employers is the main instrument enabling the development of competitive and innovative Europe.One of the ways for companies to design innovative products is to participate in the execution of different projects.Each country offers many initiatives, mainly financed by the European Union (it is currently the 2014-2020 perspective).Thanks to participation in them, employers have the possibility to improve their business and develop products they need.In order to achieve a product of a good quality, it must be managed correctly.There are a lot of methods which can be used in the project management process; however, the chosen methods should be clear and give proper results.One of the crucial aspects of the evaluation process is risk assessment as it enables one to find any abnormalities in the project.Employers do not use any specialised tools enabling them to evaluate the risk during the project development.That is why many companies make products that are very difficult to sell on the market or even to use due to many defects.The risk can be evaluated with different methods, both qualitative and quantitative.The main objective of the article is to present the values for the company when using the semi-quantitative TOPSIS method (Hwang and Yoon, 1981) to measure risk in the projects executed in the 2014-2020 perspective.Therefore, the author indicates the advantages of TOPSIS method and presents how it can be used in practice.
Author: Ludmiła Walaszczyk
Language: Polish
Field: Decision Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2886971677