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American Journal of Business and Operations Research
Volume 0 , Issue 1, PP: 26-42 , 2019 | Cite this article as | XML |PDF


A Proposed Framework for Effective Risk Management in Egyptian Sustainable Development Projects

Authors Names :   Rania Abdel Ghaffar   1 *     Saad Metawa   2  

1  Affiliation :  Arab Academy for Science and Technology, Cairo, Egypt

    Email :  abdelghaffar@hotmail.com

2  Affiliation :  Mansoura University, Mansoura 35516, Egypt

    Email :  s_metawa@mans.edu.eg

Doi   :   https://doi.org/10.54216/AJBOR.000102

Abstract :

The area of development has been a sector related to conditions of uncertainty.  Activities within the development sector are exposed to many risks need to be considered considering social, environmental, and economic risks to all stakeholders.  Risks are all events and situations that threaten the undisturbed execution of the project plan. Risk therefore relates to expectations of stakeholders regarding when and how the project will deliver, what the project will deliver and at what cost. Stakeholders would like to gain the maximum benefits and achieve successful results. So, risk must be effectively planned, monitored, and evaluated periodically by the project management team. Therefore, project risks are important factors determining whether the project will be a success or not.  The main aim of this study is to identify the current risk management system adopted in sustainable development projects in Egypt, assess the importance of effective risk management procedure of sustainable development projects in Egypt, Evaluate and analyze the challenges of risk management procedure of sustainable development projects,  Identify ways to reduce negative factors which are critical to the success of the sustainable development projects and develop a framework shows how the risk management procedure could improve the sustainable development project chances of success and Increase its efficiency and effectiveness.

Keywords :

Risk Management , Sustainable Development , Stakeholders , Egyptian Market 

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Cite this Article as :
Rania Abdel Ghaffar , Saad Metawa, A Proposed Framework for Effective Risk Management in Egyptian Sustainable Development Projects, American Journal of Business and Operations Research, Vol. 0 , No. 1 , (2019) : 26-42 (Doi   :  https://doi.org/10.54216/AJBOR.000102)