Abstract.One of the most expensive projects in the construction industry are railway projects. High costs and specificity of implementation involve high risks throughout the investment and construction process. Over the years, project management methodologies have been developed that facilitate, among other things, the management of risk factors This article reviews the recommendations for risk management in each methodology. In addition, their usefulness have been evaluated in railway construction.
Risk issue in railway projectsOne of the most expensive projects in the construction industry are railway projects [1,2,3]. The reason for this is primarily from the very wide range of works being carried out [4]. It also causes a long investment period [5,6,7]. These values, i.e. cost, range and time [8,9] are, according to many recognized methodologies(for example: PRINCE2, PMBOK, AGILE, IPMA, ITIL, SCRUM or JASPERS) three basic parameters of the project. Moreover, they are closely related, so that modifying the value of one parameter results in at least one of the other two. These three methodologies supplement the basic parameters with additional parameters. The parameters differ depending on the methodology, but each of them takes into account the issues related to the management of risk factors. In the article, the authors attempt to compare the ways of managing the risk factors represented by the individual methodologies, and also assess which of them would be most appropriate for the implementation into railway contracts.
Methodologies used in project managementThe year of the first project management methodology is considered to be 1942, when relevant studies were prepared for the Manhattan Engineering District Project. With the passing of time, new methodologies have appeared while the existing ones have been developing.. As a result of this process, there are a whole array of different methodologies today. What is the reason for such a large development of the area of project management knowledge? The reasons are mainly three. The first one is the geographic cause. In different