framkvæmdarhættir

framkvæmdarhættir are risks associated with the execution or implementation phase of a project or initiative. The term is primarily used in Icelandic project management literature to describe uncertainties that arise after a plan has been approved but before or during its execution. These hazards can stem from resource constraints, technical difficulties, stakeholder changes, or unforeseen external events, and they differ from strategic or financial risks in that they directly affect the operational viability of the project.

In practice, identifying framkvæmdarhættir involves a detailed analysis of the project schedule, resource allocation, and stakeholder commitments. Techniques such as risk registers, scenario planning, and sensitivity analysis are commonly applied. Once identified, each hazard is evaluated for its probability and potential impact. Mitigation strategies can include contingency budgeting, phased implementation, robust communication plans, and adaptive management practices that allow the project to respond to changes in scope or conditions.

Icelandic policy frameworks, particularly those governing public infrastructure and environmental projects, have incorporated the concept of framkvæmdarhættir into their risk assessment protocols. By explicitly acknowledging execution risks, policymakers aim to enhance transparency and accountability, ensuring that projects remain deliverable under realistic operational constraints. Internationally, the idea aligns with the broader concept of implementation risk, a part of the risk management spectrum recognized by bodies such as the Project Management Institute and the International Organization for Standardization.