Integrated Safety Implications for Project Management

Abstract

Safety insurance provisions in the broadest sense of the term belong among major tasks and challenges for a company management as well
as any municipality administration. In the framework of the decision making process, the manager or administrator takes into account a lot of
factors, among which – apart from safety risks – financial possibilities of the company or municipality are of major importance. The decisions
made have a project character, and managers and administrators can take advantage of project management tools to be able to assess viability
of the decisions suggested, as well as their implementation. This paper concentrates on the prior-to-investment process of the project management,
and the paper’s focal point is in suggesting a method for technical and economic (cost efficiency) assessment of safety projects.