Project risk management in an automotive company

Abstract

The main purpose of this research project was to analyse the project risk management practices in an automotive company, in order to recommend appropriate improvements. Design/methodology/approach - The research methodology chosen to conduct the study was case study, since the research was carried out in a multinational company in the automotive industry, and data was collected through observation, document analysis and a questionnaire. Findings - Although the company has defined how to approach project risk management, it was found out that the reality experienced does not reflect what is proposed by the major references. The proposal for an approach to risk management, process by process, was well received and appreciated by the project team. Research limitations/implications - Due to the size of company, and also in some cases due to confidentiality reasons, it was not possible to obtain all the necessary data for a more accurate analysis. Additionally, due to the work routine, communication with colleagues was rarely immediate or fluid. It is also important to highlight the fact that project risk management is not an established practice within the organization. Originality/value - Risk management practices as other project management practices are context dependent and should be adapted to the situation. Other companies working with a similar context can benefit from this study and adopt similar procedures to improve their risk management practices.