Developing a vulnerability-based conceptual model for managing risk in non-profit projects: a multicase study in a European country

This study examined theories and concepts related to the enactment of strategic project risk management in non-profit organizations. A vulnerability-based conceptual model VBCM was developed that shows how risk management behaviours can help non-profit managers deal with complex interorganizational factors and uncertainty in projects’ contexts for ensuring the desired social impacts stakeholders expect. Three main vulnerabilities–finances, human relationships and alliances–arise from the challenges non-profits face when attracting and retaining human and material resources and building cooperative relationships within local contexts in order to achieve projects’ social goals.