COMPARISON OF RISK MANAGEMENT IN THE AVIATION AND AUTOMOTIVE INDUSTRIES

The purpose of this article is to present the risk management process in the project management of two industries: aviation and automotive. The analysis was based on a comparison of the two approaches based on the risk matrix used. Risk management differs between industries, and it is up to the orga...

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Main Author: Agnieszka JĘDRUSIK
Format: Article
Language:English
Published: Rzeszow University of Technology 2024-12-01
Series:Humanities and Social Sciences
Subjects:
Online Access:https://journals.prz.edu.pl/hss/article/view/1904
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author Agnieszka JĘDRUSIK
author_facet Agnieszka JĘDRUSIK
author_sort Agnieszka JĘDRUSIK
collection DOAJ
description The purpose of this article is to present the risk management process in the project management of two industries: aviation and automotive. The analysis was based on a comparison of the two approaches based on the risk matrix used. Risk management differs between industries, and it is up to the organization to choose the monitoring and methodology adapted to the specific sector. Risk management is an important aspect of the entire project life cycle and must be monitored throughout the project life cycle to protect not only the budget but all areas of the so-called "golden triangle." Of great importance is the organization's awareness that risk management is everyone’s responsibility, not just the project manager’s.
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institution Kabale University
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spelling doaj-art-666dfe4a38da40188ab2fc5e0995840d2025-02-05T18:35:47ZengRzeszow University of TechnologyHumanities and Social Sciences2300-53272300-99182024-12-0131414114610.7862/rz.2024.hss.481904COMPARISON OF RISK MANAGEMENT IN THE AVIATION AND AUTOMOTIVE INDUSTRIESAgnieszka JĘDRUSIK0Rzeszow University of TechnologyThe purpose of this article is to present the risk management process in the project management of two industries: aviation and automotive. The analysis was based on a comparison of the two approaches based on the risk matrix used. Risk management differs between industries, and it is up to the organization to choose the monitoring and methodology adapted to the specific sector. Risk management is an important aspect of the entire project life cycle and must be monitored throughout the project life cycle to protect not only the budget but all areas of the so-called "golden triangle." Of great importance is the organization's awareness that risk management is everyone’s responsibility, not just the project manager’s.https://journals.prz.edu.pl/hss/article/view/1904riskrisk managementrisk matrix
spellingShingle Agnieszka JĘDRUSIK
COMPARISON OF RISK MANAGEMENT IN THE AVIATION AND AUTOMOTIVE INDUSTRIES
Humanities and Social Sciences
risk
risk management
risk matrix
title COMPARISON OF RISK MANAGEMENT IN THE AVIATION AND AUTOMOTIVE INDUSTRIES
title_full COMPARISON OF RISK MANAGEMENT IN THE AVIATION AND AUTOMOTIVE INDUSTRIES
title_fullStr COMPARISON OF RISK MANAGEMENT IN THE AVIATION AND AUTOMOTIVE INDUSTRIES
title_full_unstemmed COMPARISON OF RISK MANAGEMENT IN THE AVIATION AND AUTOMOTIVE INDUSTRIES
title_short COMPARISON OF RISK MANAGEMENT IN THE AVIATION AND AUTOMOTIVE INDUSTRIES
title_sort comparison of risk management in the aviation and automotive industries
topic risk
risk management
risk matrix
url https://journals.prz.edu.pl/hss/article/view/1904
work_keys_str_mv AT agnieszkajedrusik comparisonofriskmanagementintheaviationandautomotiveindustries