Strategic Planning, a Prerequisite for Project Risk Management

The process of Project Risk Management starts with a given list of projects. However, it seems that the risk of inappropriate project list is ignored in project risk management. Building on both the literature of Strategic Management and Project Risk Management, this paper introduces a practical systematic model for investment risk analysis. The basic idea behind the model is that well-crafted competitive and corporate strategies could be used as guideline to select appropriate projects. Applying the proposed model could help managers to prepare a list of projects with desired risk- return profiles within the company’s strategies as a prerequisite for project risk management.

Keywords:

Strategic Planning , Project Risk Management , Investment Risk Analysis