Author(s): Petreska, L., Stojanova, P.
Article Тitle: RISK MANAGEMENT STRATEGIES IN AN INTERNATIONAL
PROJECT
Journal: International Dialogue: East-West
Publication Year: 2025
Publication Type: Journal Article
Article Type: Paper
Volume, Issue: 11(1)
Pages: 75-81
DOI:
ISSN (print): 1857-9299
ISSN (online): 1857-9302
UDC:005.8]:005.52:005.334(496.5)
APA 7 citation
Petreska, L., & Stojanova, P. (2025). Risk management strategies in an international project. International Dialogue: East-West, 11(1), 75–81.
Harvard citation
Petreska, L. and Stojanova, P. (2025) ‘Risk Management Strategies in an International Project’, International Dialogue: East-West, 11(1), pp. 75–81.
Abstract: Risk management is a critical component of international project management, particularly for projects with high complexity, multiple stakeholders, and significant uncertainties. This paper explores the risk management strategies applied during the expansion of myWorld International into the Albanian market. It highlights the various types of project risks, including technical-operative, organizational, financial, contractual, and political risks, and discusses methods of risk identification, analysis, and mitigation. The study details the implementation of a risk register template to systematically document and address project risks. Through proactive management strategies such as hiring local experts, conducting market research, and implementing structured risk control processes, the project team successfully mitigated key risks associated with the expansion. The findings emphasize the importance of a structured risk management approach in achieving project success while minimizing uncertainties.
Keywords: Risk Management, International Project Management, Risk Identification, Risk Mitigation, Risk Analysis, Project Risk Management (PRM).
страна 75-81 Ленце петреска и Павлина Стојанова