On the Risk Management in Land Consolidation Projects
On the Risk Management in Land Consolidation Projects

Author(s): Goran Marinković, Zoran Ilić, Žarko Nestorović, Anđelko Matić
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Risk; Risk management; Risk mitigation; Landownership; Project failure
Summary/Abstract: Land consolidation (LC) as a power tool for land management is, in fact, a project of high complexity level. The high complexity of projects is a potential source of its failure. The complexity of land consolidation projects (LCP) is a consequence of the huge number of stakeholders, sensitivity of land ownership, and legal rights of land owners. The huge number of stakeholders causes a huge number of uncertainties because one stakeholder could have numerous interests and could not make the best decision in the situation of a sensitive relationship between different nuances in certain circumstances. Lack of reliable information could also be a source of risk for issues in the land consolidation project realization as well as the period of its realization. The duration of land consolidation project realization is another important factor that could cause problems or even failure.

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