The purpose of this paper is to analyze the existing project management literature by conceptualizing the influence of personality and cognitive traits on project managers’ risk-taking behaviour.Design/methodology/approachThe paper is based on an in-depth analysis of the existing literature to develop framework for conceptualizing risk propensity in project management.FindingsThe results indicate that the Big Five personality traits cannot capture risk propensity in risk-taking behaviour on their own. Cognitive traits are indispensable components in risk propensity.Research limitations/implicationsThe paper examines the association between risk propensity theories and personality traits. The paper framed project managers’ personality traits that can impact their tendency to take risky decisions, that is risk propensity.Originality/valueThis paper expands literature by increasing our understanding of personality and cognitive traits in risk propensity.
International Journal of Managing Projects in Business – Emerald Publishing
Published: Feb 15, 2021
Keywords: Project management; Risk propensity; Personality traits; Cognitive biases; Risk-taking behaviour
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