Risk management in companies of industrial textile in Aleppo using Analytical hierarchy process AHP

Abstract

All projects face many risks, which is a juvenile and unforeseen

circumstances that if there were a positive or a negative impact on one of

the objectives of the project, or, at least, to show the importance of risk

management, in which the mission is to help manage project risk effectively.

These threats are either to the project itself or threats resulting from the loss of

jobs that could have been exploited.This type of positive risks (opportunities)

is beyond the scope of our research.The researcher will deal with the risks in

the traditional sense of the word, that is, the potential risk of loss.

The objective of this study is to identify the most important risks in

projects, and determine the best strategies to address them.To fulfill the

aims of this paper, the researcher distributed a questionnaire prepared for

this purpose on the decision- makers in the Hi- Tex Company for Textile

Industries in Aleppo.

The main findings of this study are that that the process hierarchy

analytical AHP is of great benefit to assist management in decision- making

and prioritizing risks and ways to respond to them.The most dangerous factor

facing the company (Hi- Tex Textile Industries) is a technical risk, followed

by external risks, organizational risk, and finally by project management

risks.The best strategy to face those risks is to avoid risk strategy and then to

accept them if occurred, followed by the mitigation strategy and finally the

transport strategy.