Project risk management: Modern trends and effective practices.

Fedyk, O., & Fedyk, S. (2024). Project risk management: Modern trends and effective practices. Visegrad Journal on Human Rights, 6, 1–15. https://doi.org/10.61345/1339-7915.2023.6.8

This scholarly article explores the evolving landscape of project risk management, highlighting the shift from traditional, rigid frameworks to more flexible, modern practices. Fedyk and Fedyk examine how contemporary trends—such as the integration of digital technologies, agile methodologies, and sustainable development—impact risk assessment and mitigation strategies. The authors argue that effective risk management is no longer just a technical requirement but a strategic necessity that must include considerations of human rights and social responsibility. The work is significant because it bridges the gap between theoretical project management principles and the complex, ethical demands of the modern global economy. From an evaluative standpoint, the article provides a robust academic foundation for understanding how projects can navigate uncertainty in a volatile environment. It is highly relevant for researchers and high-level project managers seeking to align their risk strategies with current international standards and human-centric approaches.