Business project affecting competitiveness: Integrative risk management in constitution of the educational institution

This research study presents the new position of integrative risk management within project management, giving the research example of an educational business project of developing a study program and constitution of a new educational institution from the Croatian perspective of competitiveness. For the purpose of this research study, the process of constitution of the educational institution is observed as a business project which directly affects educational competitiveness and is given features characteristic of integrative project management. The twelve risks presented in the theory were considered but only seven with specific potential influence for the educational activity (in competitiveness) were defined in this project. The authors identified the type and gave description of risks as well as evaluating every single one and giving a potential respond. Finally, the authors grouped the risks into three categories: educational policies and legislative, educational activities and positioning in the educational market (related to competitiveness).