Insights on Individual's Risk Perception for Risk Assessment in Web-based Risk Management Tools

In order to identify, assess and operate risks in early stages, risk management practices are essential in innovative projects. Small and Medium Enterprises (SME's) are still lacking empirical models, metrics and tools to manage project risk, which must be overcame. For this purpose, this paper briefly exhibits an application that can enable SME's to engage with risk management practices through an existing online platform - Spotrisk®. However, in this work is showed that it's important to control potential bias that can prevail in this or similar tool, whenever surveys are employed. So, throughout the gathering of a literature review, this paper aims to lift a framework intended to correct potential biases, caused by different risk attitudes among users, and draw conditions to render a concise model to assess project risks within SME's.