Approaches in the Project Risk Management in International Gridlines and Standards

ABSTRACT The main generally accepted international approaches concerning the risk management are the guides or standards developed by the specialised institutes and associations: PRAM and PMBOK guides, AS/ANS 4360 and IRM standards, PRINCE 2 methodology. No matter the name and stages structure of each approach, they all have a series of common elements: they involve a formal approach of risk management process based on the development of written documents for reports; although they can be applied to complex projects, all the approaches have the tendency to simplify; all are iterative approaches of the risk management process with permanent returns from one stage to another; the common stages of all the approaches are identification, analysis, evaluation and the response to risk.