Risk as a Factor of Decision Making in Projects Financing of Infrastructure Projects

Jovanović, Jelena and Mosurović, Marija and Berić, Ivana (2020) Risk as a Factor of Decision Making in Projects Financing of Infrastructure Projects. European Project Management Journal, 10 (2). pp. 11-17. ISSN 2560-4961

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Abstract

Project financing have a significant role in the development of large infrastructure projects. The key thing when analyzing infrastructure projects is high-quality an assessment of potential risks which can more or less influence future monetary flows. With the aim of increasing infrastructure projects realization success rate and their rentability, as a prerequisite for making a decision about project financing, this paper presents some results of empirical research about infrastructure project key risk factors. Results indicate significant deviations from plans during infrastructure projects implementation, low level of practical use of project risk management techniques. The results can be of use to all participants in infrastructure projects (investors, public institutions, financial institutions, architecture companies, etc.) as well as company managers, project managers and risk managers. What infrastructure projects have in common is long duration and complexity in a technical, financial and legal sense, which causes a whole range of risks.

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