Abstract:

The purpose of this paper is to create a unitary risk management framework for projects funded from European non-reimbursable funds in Academia as beneficiary in order to ensure a reduction in exposure to losses.
The paper briefly presents a risks management methodology developed by analyzing a range of 40 projects focused on the development of human capital and implemented in Academia.
There are methodologies to approach and manage the risks occurring at Beneficiaries but different notions and concepts are applied. Moreover, it should be noted that they are developed with the organization as starting point, the elements directly affect the organization and universities are public institutions in which a wider range of activities (both didactic and research activities) are carried out, thus a risk approach is required at the project level.
Following the analysis of the projects implemented in Academia over the last five years, it was found that project managers in Academia do not have project management expertise, therefore guidance to properly manage projects is needed.
In this paper, a qualitative risk analysis was proposed by using the risk matrix. Exposure to risk is directly related to the probability of materializing the risk. Using the proposed methodology, a qualitative risk analysis can be carried out from internal or external factors that directly or indirectly affect the achievement of the objectives assumed at each project level. This methodology can be transposed and correlated with existing risk management methodologies in Academia. The risks management methodology also includes a risks register