PROJECT RISK MANAGEMENT IN THE CONTEXT OF INDUSTRY 4.0 IN CONDITION OF MANUFACTURING ENTERPRISES IN SLOVAKIA

The Slovak Republic is characterized by a small and open economy in which up to 80% of GDP. 80% of GDP consist the export of automotive and electrotechnical products. Slovak enterprisesare forced to implement new trends. Industry 4.0 is one of them. Implementation of Industry 4,0 is supported by many organization nowadays (for example European Commision, Government of the Slovak Republic, ...). Those institutuions prepare various projects, which are focused on support R&D in Slovakia, modificate enterprises processes, etc.. The Industry 4.0 concept greatly supports the digitization and active use of computing technologies. Businesses are forced to innovate products, improve their manufacturing processes, and use new technologies. These changes are usually implemented as short-term projects in companies with expect return on investment. Short-term projects bring many risks but also opportunities. The aim of the contribution is to develop a project risk management model based on the integration of the requirements, which are described in the international standards ISO 31 000: 2018, ISO 21 500: 2012 and the implementation needs of the Industry 4.0 concepts. This model may brings more effective preparation of preventive measures to meet the set goals and ensure the successful implementation of short-term projects in the context of the Industry 4.0.