Ramanov Contractors: Adoption of Project Risk Management Framework

The case deals with the concept of project risk management and its adoption in a small-sized contracting firm. It demonstrates the dilemma faced by a typical small-sized contracting firm vis-à-vis setting project objectives, defining key elements for structuring the risk management process, number of data points, choice of techniques of different steps involved in project risk management and development of a team to practice the process flawlessly. The case would be suitable for postgraduate students of the management programme as well as participants of management development programmes on project management.