Open Access Conference Proceedings

Risk management is a vital process in all complex logistics project management. We discuss the concept of early warning system EWS dedicated to logistics project, which enable management under the conditions of uncertainty and risk. The complexity and uniqueness of the logistics projects as well as the discontinuity of the effects in the environment of goods and services, significantly impact the inability to eliminate the risks and subsequently lead to changes during execution. The introduction into companies and supply chains things such as: principles, methods, mechanisms of knowledge management and project risk, e.g. by implementing into the logistics project management the early warning systems can minimize the impact of unexpected, at the stage of initiation of the project, negative phenomena. Early information concerning risks enables to eliminate effectively later problems, in meeting the logistics project's schedule and budget, simultaneously constitutes a potential source of opportunities to accelerate the project implementation and project implementation below the assumed budget. The model of the dedicated early warning system should help policy-makers (logisticians) at the stage of the logistics project's planning and implementation, enabling undertaking decisions regarding its accomplishment and elaboration of the response plan in the case of appearance of a particular type of risk. Early warning system should aid logisticians with logistics project management undertaken in an company or in a supply chain. The developed approach extends previous work by the authors.

Keywords: Early warning system, weak signals, logistics project, project management, uncertainty, risk

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