project risk management Articles

  • Offshore wind costs and development risk

    How procurement strategies, manufacturing costs and new technology stack up against development risk in Offshore Wind Projects. Offshore wind is changing, and it is changing for the better. In 2006, offshore wind deployment costs started rising significantly, from £1.5m/ MW, in 2016 prices, to over £4m/MW in 2012, without a clear indication as to what the price ceiling would ...


    By SgurrEnergy Ltd.

  • New test, new best practice to reduce hearing damage risk

    The availability of this new test will have a dramatic effect on the management of hearing loss prevention programmes… New technology has become available that provides companies with data that they can use to check the real world performance of their hearing conservation programmes very quickly and very easily. It is a development of otoacoustic emission ...

  • Risk management in information technology projects

    There are several studies on managing risks in information technology (IT) projects. Most of the studies identify and prioritise risks through empirical research in order to suggest mitigating measures. Although they are important to clients for future projects, these studies fail to provide any framework for risk management from IT developers' perspective. Although a few studies introduced a ...


    By Inderscience Publishers

  • Dynamic analysis of project risk

    This paper first proposes an approach to risk dynamics analysis during the project's early phase in order to improve the identification and implementation of suitable response actions. Secondly, an approach is proposed to monitor and control the global project risk during the entire project life-cycle by defining a project risk baseline. Both approaches have been applied to a very ambitious ...


    By Inderscience Publishers

  • Risk Analysis for SSO Projects

     ABSTRACT In 1999 the City of Atlanta negotiated a comprehensive settlement titled the First Amended Consent Decree (FACD) with the United States Environmental Protection Agency (EPA) and Georgia Environmental Protection Division (EPD) to address its sanitary sewer system to prevent future Sanitary Sewer Overflows (SSOs). The Clean Water Atlanta Program Management Team (PMT) has ...

  • Risk management in build-operate-transfer projects

    Construction projects are risky. A build-operate-transfer (BOT) project is recognised as one of the most risky project schemes. This scheme has been employed rather frequently in the past few decades, in both developed and developing countries. However, because of its risky nature, there have been failures as well as successes. Risk analysis in an appropriate way is desirable in implementing BOT ...


    By Inderscience Publishers

  • Systemic project risk management - the way ahead

    Project Risk Management (PRM) has become recognised as an important part of project planning and management. This paper briefly outlines the current state of PRM in design and development projects The development of PRM tools based upon project decompositions has brought significant benefits. For modern highly complex projects, however, this has proved to have significant flaws, particularly ...


    By Inderscience Publishers

  • Managing EH&S software project risks

    Organizations today increasingly face environment, health, and safety (EH&S) challenges. To help meet these challenges, many enterprises are seeking software solutions that will help them remain competitive and avoid using additional staff resources. But what should organizations know before taking on significant in-house information technology (IT) projects? Read on to learn a few ways to ...


    By Lexicon Systems, LLC

  • Renewable Energy Projects on Contaminated Property: Managing The Risks

    Managing brownfields risks requires complex technical and legal analysis. Analyzing risks in renewable energy projects is equally complex. Both projects involve several contracts that must be integrated and made consistent with each other. Combining these types of projects creates a unique combination of risks, including, for sites where institutional/engineering controls are part of the remedy, ...

  • Transformational adaptation – when climate change means business as usual is no longer possible

    1. A lesson from the past Deep in the central Sahara, a crumbling mud-brick town sits at the edge of a dry lake bed. This is the medieval town of Germa, in southwestern Libya, one of a string of settlements along the Wadi al-Ajal, a valley defined by the towering dunes of the Ubari Sand Sea to the north, and the black cliffs of the Messak Settafet plateau to the south. Germa is romantic ...


    By Garama 3C Ltd

  • Fire Codes: A Foundation of Safety for a Rapidly Changing World

    Chief among these safety features is fire protection. There are myriad codes and regulations relating to fire safety in commercial buildings, from standards on portable fire extinguishers to the installation of stationary pumps for fire protection — the U.S.- based National Fire Protection Agency (NFPA) alone has more than 300 consensus codes that have been adopted in whole or in part ...

  • How a Specialized Automatic Control Valve Solved Flooding

    The Colombian area of Antioquia creates much of its clean power from hydropower plants along the Guadalupe River. The Guadalupe IV hydroelectric plant generates power with three vertical axis turbines that discharge water below the river level. To prevent flooding, however, the plant needed a solution that ensured the ejector ...


    By Singer Valve Inc.

  • Foundations of integrated risk management

    This paper concentrates on broadening the concept of risk management beyond the considerations of cost, schedule and performance. The author uses his experience with NASA to provide both a foundation for an integrated risk management plan and a tentative plan. The plan integrates risk across both the temporal and the hierarchical dimensions.Keywords: integrated risk management, project ...


    By Inderscience Publishers

  • Risk management versus incentives

    Portfolio theory indicates that risk management should take place at the group level. Hedging at the project level or in the individual business areas may lead to suboptimal results. However, the efficiency of a profit centre depends on its management's being able to influence factors that are crucial to the unit's financial results. Price hedging could be one such factor. In the wider ...


    By Inderscience Publishers

  • Renewable Energy Projects on Contaminated Property | Managing the Risks Part II

    Part II of Renewable Energy Projects on Contaminated Property | Managing the Risks The First entry can be found at Part I Risk and Exposures in the Life Cycle of a Project The typical renewable energy project involves multiple parties: tax equity investors; equity investors; local utilities; engineering, procurement, ...

  • Risk management in a scientific research nuclear installation decommissioning project

    With the development of nuclear technology and engineering, more and more scientific research nuclear installations have already or will enter the phase of decommissioning. Based on the risk management of a nuclear installation decommissioning project, this paper analyses the risk factors and their effects, then puts forward relative measures and suggestions.Keywords: nuclear decommissioning, ...


    By Inderscience Publishers

  • A risk mitigation approach for concurrent engineering projects

    Generally, risks are encountered and generate negative outcomes in concurrent engineering (CE) projects including project delays, cost overruns and unacceptable quality. These outcomes can be avoided by establishing a systematic risk management process. In this research, a risk management approach used is outlined, according to Australia and New Zealand risk management standard (AS/NZS 4360: ...


    By Inderscience Publishers

  • Green IPP projects - reflections on risk structure

    One of the most important hindrances that still impede many renewable energy projects is the perception of such projects by potential lenders and investors as low-profit and risky undertakings. This paper aims at delineating a more precise picture of these groups of energy projects explaining more in detail the risk characteristics that are shared by both groups of energy projects and the ...


    By Inderscience Publishers

  • Risk-based asset integrity management

    Within the area of management of process plant integrity, there has been a significant shift toward the adoption of risk-focused methods such as reliability centered maintenance (RCM) and risk based inspection (RBI), rather than following traditional preventative maintenance methods and prescriptive inspection intervals. There are various reasons for this trend, but the primary benefit that asset ...


    By ABS Consulting

  • A desirable future for technology risk management

    This paper outlines a scenario for the future of Technology Risk Management which the author suggests is internally consistent, linked to current practice, achievable, and desirable. It is a personal view which reflects the concerns and goals of the author. It is offered as a basis for discussion with others of the goals we might seek jointly to facilitate effective progress.Keywords: risk ...


    By Inderscience Publishers

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