Risk management of large-scale projects differs considerably from 'normal' projects in a number of issues. Only 15% of all projects are finished successfully by schedule, causing a great loss of money. For example, the project of an internet bank of a big Swiss financial institution was stopped after two years causing an accumulated monetary loss of 256 Mio. Swiss Francs. In addition, human group decision-making is inherently irrational, thus appliance of methodical procedures to deal with these situations is of major importance to prevent irrational and injudicious actions that might evolve as a source of risk. SMEs handling large-scale projects on which their existence may depend are confronted with these problems to even a greater extent. Therefore, it is of high relevance to develop suitable frameworks and tools not only for large firms, but also for SMEs to deal with their project risks especially for major projects with a big impact of the company's overall performance.
