Why project risk management become more and more important, especially from 90s?

Project-based ventures are most often associated with high levels of risk, particularly in large-scale public infrastructure projects such as railway stations, shopping centres and tramways. A robust risk management strategy can therefore be a critical success factor in ensuring a positive outcome. This project explores the reasons why project risk management become so important nowadays. And analysis the relationship or the link between the \”risk society\” theory from Ulrich Beck and project risk management.
The only part which i really need are literature review and critical analysis about the risk society in 5000 words.

Risk society theory is that traditional society was replaced by the early modernity and then entered the late or reflexive modernity. The institutions and structures of these traditional societies were challenged in the name of individual freedom and autonomy. I think the individualism is the key reason why project risk management become so important in the modern society.
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Added on 01.08.2016 16:04
Dear writer,
This is the summary of Ulrich Beck\”s view of risk society! I think it is very good point which can explain why people put a lot emphasis on the the project risk management to avoid the accidents. Please read carefully!

Best wishes.
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Dear writer This link is the basic requirements of literature review and analysis. Hope you can follow the requirements. Thank you! https://www.sendspace.com/filegroup/a58GSTTcNFUJjj3FGXAjczc18%2FwFovpPPdh1E41k%2FgY

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