Lifecycle Risk Management for Major Projects


Shares the experiences from a small number of high-profile and current major projects as well as infrastructure operators to explore the attitudes to risk and associated ‘risk appetite’ of different stakeholder groups at different stages in the major project life cycle.

Knowledge Resource

Major projects are often characterised by large levels of complexity over extended timelines. The risk profile of a major project is therefore not static; it can be quite dynamic, demanding continual review and assessment. The risk profile changes as we move through different stages in the major project life cycle, and there are different groups of key stakeholders which have an interest at each of these stages. Having a better understanding of how these stakeholders perceive major project risk, and what their typical concerns are, should mean that we are better able to address these concerns as early as possible in each life cycle stage, thereby helping to support initiation and delivery.

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