Risk Management in Capital Projects

Publication No

SD-41

Type

Academic Document

Publication Date

Oct 01, 1988

Pages

124

Research Team

RT-006f

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DOCUMENT DETAILS

Abstract

Key Findings

Filters & Tags

Abstract

This report has introduced the reader to risk management procedures as they are applied in the construction industry. The body of knowledge contained in this report stressed the three phases of a risk management (identification – measurement – managem

Key Findings

Starting as early in the project lifecycle as possible, the Risk Management process should be continuous throughout the project, as conditions are susceptible to change and the amount of information increases as the project progresses. The process can be broken down into various levels of detail, from basic such as this:

Filters & Tags

Knowledge Area

Risk Management

Project Phase

Feasibility, Concept, Detailed Scope, Detailed Design (Engineering), Procurement, Construction, Commissioning & Startup, Handover & Closeout

Project Function

Project Business Sponsor, Project Management, Architects & Engineering, Project Controls, Procurement & Contracts, Health, Safety & Environmental, Risk Management, Quality Management, SBU/Corporate Functions

Industry Group

Light Industrial, Heavy Industrial, Buildings, Infrastructure

Research Topic

Management of Project Risks and Uncertainties

Keywords

Risk Management, Risk Identification, Risk Control, Risk Measuerment, Risk Assessment, Monte Carlo, insurance, rt6