INTEGRATING PROJECT RISK INTO RISK MANAGEMENT STRATEGIES IN PUBLIC SECTOR ORGANIZATIONS

Evelina Parashkevova

Head Assist. Professor, Ph.D., Tsenov Academy of Economics – Svishtov, Bulgaria, e.parashkevova@uni-svishtov.bg

Abstract

The article aims to present possibilities for integrating project risk management processes into public sector organizational risk management strategies. The relative isolation of project risk from management systems is a weakness in organizational functioning. Integrating project risk management processes into the overall management system and in risk management strategies in particular, significantly contributes to enhancing organizational culture. Thus, a practice is established for systematic and purposeful impact on risks accompanying each project.

Keywords: risk, uncertainty, project, public sector.