RISK MANAGEMENT FOR EC FUNDED PROJECTS
A planned and controlled approach to project risks is an imperative and indispensable step within project management. Developing skills, knowledge and organisational processes in this area will lead to a significant return on investment (ROI) for any organisation that runs projects either internally or for the benefit of their customers.
Additionally, any entity (organisation or consortium) that exhibits a maturity level in risk management, increases the chances of being selected for funding, under the various EU funding schemes. The reason is that proper risk management acts as an alleviator for the risk averse public sector (including the various EU bodies).