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Integrated Project Risk Assessment (IPRA), Version 2.0

Publication No
IR181-2
Type
Printable assessment(s)
Publication Date
Dec 01, 2013
Pages
117
Research Team
RT-181
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DOCUMENT DETAILS
Abstract
Key Findings
Filters & Tags
Abstract
Risk has different meanings to different people, and the concept of risk varies according to viewpoint, attitude, and experience. Engineers, designers, and contractors often view risk from a technical perspective, while owners and developers tend to v
Key Findings

RT-181’s research (case studies, interviews, surveys) showed that assessing risk was a project management activity to be done throughout the project life cycle. This is key to effectively managing the risks. The relative importance of any specific risk depends on the respective stakeholders, and could be different for different stakeholders. Therefore it is essential to get a broad range of perspectives when assessing risk in order to arrive at a consensus on relative importance of risks (IR181-2, p. 22).

IR181-2, Integrated Project Risk Assessment (IPRA) 

The International Project Risk Assessment (IPRA) tool focuses on the risks typically encountered during the life cycle of international capital projects.
Filters & Tags
Knowledge Area
Performance Assessment, Project & Program Management, Risk Management
Best Practice
Project Risk Assessment
Project Phase
Feasibility, Concept, Detailed Scope, Detailed Design (Engineering), Procurement, Construction
Project Function
Project Business Sponsor, Project Management, Architects & Engineering, Procurement & Contracts, Construction, Commissioning & Startup, Operations & Maintenance, Health, Safety & Environmental, Risk Management, Business Development & Proposals, SBU/Corporate Functions
Industry Group
Light Industrial, Heavy Industrial, Buildings, Infrastructure
Research Topic
Risk Analysis for International Projects
Keywords
Risk Allocation, Risk Register, International Project(s), Risk Assessment, IPRA, Globalization, Risk Elements, Risk Matrix/Matrices, Likelihood of Occurrence, rt181

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