Risktec Solutions

Achieving order from chaos

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Courtesy of Risktec Solutions

Major new projects are faced with an increasing burden of complexity from numerous sources, including legislation, financing arrangements and public pressure. While many projects are successfully completed within acceptable budget and time limits, there are many examples which hit the headlines with long delays and extensive cost overruns.

Projects which lead to the operation of high hazard plants have the additional burden of requiring formal regulatory approval to operate. This will generally mean the robust demonstration, through formal reports and supporting studies, of
compliance with appropriate legislation, including that risks to the workforce, the public and the environment are As Low As Reasonably Practicable (ALARP) [see Page 6]. This can add considerable extra complexity and present additional challenges
for project management organisations.

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