... crisis management rather than
risk management, adding to the cost of the incidents necessitating the
change or eliminating the possibility of responding to an opportunity.
Multination military joint ... per-
missions process, using lawyers experienced in such processes, indicated
that regulatory uncertainty was a major source of project uncertainty, and
management of this uncertai...
... risk
efficiency, as distinct from the project level of risk efficiency invo lved in defining
these plans. That is, corporate risk efficiency means never reducing risk for a
project by increasing expected cost ... capacity in exploiting the substantial
growth in demand. Further investigation indicated that the cost of creating
and maintaining excess capacity was minimal compared...
... concepts in the Risk Management Planning
phase.
4. Insert the identify, structure, and ownership phase concepts in the Risk Iden-
tification phase, including associated aspects of Risk Response Planning.
5. ... power in favour of
meeting that threat rather than avoiding it. Often the project planning team
provide a high -risk environment for risk management because, for e...
... realized. But there was no point in making the project
financially responsible for it with an extra £20 million in the budget.
In addition to distinguishing between project management and board-level
financial ... be incorporated in a work
package contract.
Four types of management contracting system can be distinguished in the
construction industry:
. construction management...
... about
building on risk management undertaken in earlier PLC stages are incorporated.
Initiating an RMP in a project s design stage
Initiating an RMP in the design stage involves a significant change in ... will insist on a comprehensive RMP if first-time users
of RMPs are involved.
Initiating an RMP in other stages of a project
Initiating risk management in a project be...
... necessary foundation
for ongoing effective and efficient risk management.
Initiating an RMP in a project s execution stage
Delaying the initiation of risk management from a project s plan stage until ... and debilitating shortcoming for
any organization.
Initiating an RMP in a project s support stage
The support stage of a project involves living with the ongoing legacy of app...
... formally invested in
developing and maintaining a PRMC. Such resources include personnel in terms
of both numbers and expertise, the time allocated to risk management, and the
provision of supporting ... corporate risk
management support unit. In a project based contractor organization, alternative
modes of support include:
. no specific risk management support for project...