A significant blocker to developing and applying new risk management theory is its low uptake as a concept in industry [27]. A fuller understanding of the implications of risk as a subjective construct has the potential to significantly enhance the management of risk in projects and thus overall project outcomes. Some studies have already explored how mainstream project methodologies can be adapted to different company contexts [28], and recognition of the different origins and dimensions of risk can be seen in this context. The perceived effectiveness of different project risk management assessments has been analyzed to identify the root causes for manager’s reluctance to deploy risk management processes and its consequences. This study [29] is a valuable input that could underpin an enhanced application of risk assessment in project management