Risk Mitigation Strategies in Innovative Projects

Ahmed, R., (2017). Risk Mitigation Strategies in Innovative Projects. In Key Issues for Management of Innovative Projects. INTECH Open Limited, United Kingdom, 83-100.

19 Pages Posted: 6 Aug 2021

Date Written: July 1, 2017

Abstract

This chapter discusses the challenge imposed by the dispersed innovation that shifts toward replicating the positive traits of co-location and coupling it with the unique advantages of the global initiative. Key concepts in this chapter include project risk, risk pertinent to the innovative projects, importance of risk mitigation in innovative projects, different risk categorization involved in mitigating risk in innovative projects, risk mitigation planning, risk mitigation strategies in innovative projects, and risk evaluation and mitigation strategies (REMS) in various types of innovative projects including the lesson learnt from the innovative projects to handle project risk by adopting risk mitigation strategies.

Keywords: strategies, risk evaluation, risk mitigation, innovative projects

JEL Classification: Risk strategies

Suggested Citation

Ahmed, Riaz, Risk Mitigation Strategies in Innovative Projects (July 1, 2017). Ahmed, R., (2017). Risk Mitigation Strategies in Innovative Projects. In Key Issues for Management of Innovative Projects. INTECH Open Limited, United Kingdom, 83-100., Available at SSRN: https://ssrn.com/abstract=3884687

Riaz Ahmed (Contact Author)

Bahria University ( email )

Bahria Business School
Shangrila Road, E-8 Sector
Islamabad, PA Federal 44000
Pakistan
051-111-111-028. (Phone)

HOME PAGE: http://www.bahria.edu.pk

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