Abstract:

The development and selection of risk response strategies is a major phase in a project risk management process. The study focus on recent literature allows with the purpose to analyze how this topic is found among the research concerns and the key trends in the area. The research focused on full length articles published in indexed academic journals and full proceedings papers indexed in Web of Science, as they can be considered as knowledge certified by peers and is a standard practice that enhances the reliability of results.  We have restricted our search to a selected list of Web of Science indexed journals and conference proceedings. The selection used different combinations of keywords (risk management strategies, risk response, risk treatment, risk handling strategies and risk handling project) in title and Business and Management domain, period 1990-april 2018. The selection of articles followed a two-step process. The first step implied the performance of a keyword search using the Web of Science database. In this search, we identified all the articles including any of the target words in their title. As a second step, an analysis based on the researchers’ interpretations of the abstracts/articles was conducted in order to decide whether these articles actually dealt with the matter at hand. This step entailed the removal of more than 93% (383) of the articles initially identified. The final dataset brings together 28 articles. Additionally, the study identifies research gaps and proposes directions for future research.