MODERN RISK ANALYSIS IN THE PLANNING AND IMPLEMENTATION OF MODERNIZATION PROJECTS IN RAILWAY INFRASTRUCTURE
DOI:
https://doi.org/10.17770/etr2025vol4.8440Keywords:
risk management, railway projects, risk assessment, probability of occurrenceAbstract
The implementation of modernization projects in railway infrastructure is accompanied by a number of risks that affect their successful implementation within the planned budget and time. In general, risks are considered as technical, financial, environmental and social. The identification and management of these risks is essential for the successful implementation of the project within the set scope, and this has an impact on the provision of modern and safe rail transport. Modern approaches to detailed planning and risk assessment, as well as the implementation of new monitoring technologies contribute to successful transport projects. The modern approach to risk management devotes a special role to public participation. The goal is to minimize social tension and achieve a better understanding of projects on the part of the population. This study analyzes and improves risk management methods for planning and implementing railway infrastructure modernization projects.References
B. Winfried, "Risikomanagement: Projektrisiken managan statt verdranagen," 2023. [Online]. Available: https://organisationsberatung.net/risikomanagement/. [Accessed 23 02 2025].
T. Daskalova, Management of Infrastructure Projects, Sofia: UNWE Publishing Complex, 2022.
S. Tzvetkova, "Risk Management in the Development of Transport Projects," Engineering, Business, Environmental Science, no. DOI:10.37708/EP. SWU. V8I2.14; ID: 229615875, 2020.
J. Singh, "Risk Assessment and mitigation in Construction Building Projects," Constuction and Building Materials Engineering, no. 2581-6454, https://www.researchgate.net/publication/388642957, pp. 14-23, 2025.
A. A. Vighio, "Risk Assessment of High and Low Budget Construction Projects," International Research Journal of Modernization in Engineering Technology and Science, no. e-ISSN: 2582-5208, DOI: 10.56726/IRJMETS43387, 2023.
K. K. O. Ş. İdil Çalık, "Life Cycle Risk Management for Improving Labor Productivity in Construction Projects in Türkiye," Buildings, no. DOI: 10.3390/buildings15030484, 2025.
S. K. A. J. Elnaz Safapour, "Effective Project Management Principles and Strategies in Transportation Infrastructure Projects," Conference: Creative Construction Conference, no. DOI: 10.3311/CCC2020-064, 2020.
G. B. M. L. E. B. Karin Bernsmed, "An evaluation of practitioners’ perceptions of a security risk assessment methodology in air traffic management projects," Journal of Air Transport Management, vol. 102, no. 0969-6997, https://doi.org/10.1016/j.jairtraman.2022.102223, 2022.
M. Stefanova, Risk Management in Complex Systems (on the Example of the Railway System of Bulgaria), Sofia: abstract, 2017.
J. Mancheva, Lecture Notes on 'Project Risk Management', Sofia: University of Architecture, Civil Engineering and Geodesy, 2020.
B. Zhao, "Construction of an Assessment Model for Project Risk," Highlights in Business, Economics and Management, vol. 42, 2024.
B. Titarenko, "Risk assessment for construstion projects of transport infrastructure objects," in IOP Conf. Series: Earth and Enviromental Science, Chicago, doi :10.1088/1755-1315/90/1/012057, 2017.
P. Landau, "Now to Make a Risk Management Plan," ProjectManager, 26 09 2024. [Online]. Available: https://www.projectmanager.com/blog/risk-management-plan. [Accessed 24 02 2025].
D. ". k.g. infrastructure", Safety procedure PB 2.09. Methodology for determination. Risk Assessment and Management, Sofia, 2021.
D. B. K. B. S. M. M. N. M. Maxime Rigaud. Jürgen Bückers, "The Methodology of Risk Quantification Research," Environmental Health, no. https://doi.org/10.1186/s12940-023-01039-x, 2024.
"БДС EN IEC 31010:2019, Risk management - Risk assessment techniques," 14 11 2019. [Online]. Available: https://bds-bg.org/bg/project/show/bds:proj:105683. [Accessed 22 02 2025].
P. Burdyak, "Model of risk management in rail transport," International Scientific Siberian Transport Forum - TransSiberia 2023, vol. 402, no. https://doi.org/10.1051/e3sconf/202340206017, p. E3S Web of Conf., 2023.
B. Galev, D. D. E. H. N. G. B. Galev, Safety and Health at Work in Transport, Sofia: ISBN – 978–954–12–0145–9, Todor Kableshkov University of Transport, 2008.
V. Bozhkov, "On the Risk Assessment Process as Part of the Understanding of External Control," Audit, no. https://www.ides.bg/media/1774/03-2020-vasil-bozhkov.pdf, 2020.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Irena Petrova

This work is licensed under a Creative Commons Attribution 4.0 International License.