Project Risk Management – An Executive Concern |
Actively Manage Risk to Deliver Capital Projects on Time
and to Budget!
The main objective of this paper is to highlight how
important it is for companies to proactively manage risk
in the delivery of their capital projects to ensure that
capital projects are completed on time and to budget.
Risk management is one of those areas which is
assumed to be well established in most companies, yet
many projects suffer significant cost overruns and
delays, so it is worth asking the question why is the
risk management process failing? We have also
highlighted in this paper how some of the softer aspects
/ risk culture is as important as some of the harder
aspects, such as processes, methodologies, etc. In some
of our recent client engagements we have helped clients
understand their risk exposure at a project portfolio
level and take the right decisions for the organization
as a whole. pdf 2013 |