Long Title: Project Risk Management - A Quantitative Approach
Runtime: 01.01.2017 – 31.12.2018
Funding Body: AiF- Cornet
Consortium Manager: Institute for Management Cybernetics e.V.
Contact: Jan Bitter, M.Sc.
Project Holder: BMWi
Partner: IPT - Fraunhofer-Institute for Production Technology
CETIC – Centre of Excellence in Information and Communication Technologies
Project Website:

Missing definitions and standards are one reason for the lack of project risk management in small and medium sized enterprises (SME). This challenge is addressed in PRiMa-Q by developing and implementing an open-source tool for the quantitative management of project-related risks.

The developed pre-competitive demonstrator will support SMEs to automatically identify and easily understand the impact of project risks during the project planning process and to review the economic impacts of applied measures, way before the project begins. Moreover, it supports SMEs at managing risks in complex contexts involving multiple projects, shared resources and presence of uncertainties.

The project focuses primarily on the mechanical engineering sector as well as on IT development in Belgium and Germany.