• Industry: Energy & Natural Resources
  • Type: Business and industry issue
  • Date: 11/15/2013

Global energy institute insights 2013 project risk management 

Project risk management is frequently overlooked yet is one of the more critical elements to successful project delivery.
Global energy institute insights
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Generally, delivering a project’s defined scope on time and within budget are characteristics of project success. Unfortunately, these success factors are often not achieved, especially for large, complex projects where both external influences and internal project requirements may change significantly over time.


Project risk management is a continuous process of identifying, analyzing, prioritizing, and mitigating risks that threaten a project’s likelihood of success in terms of cost, schedule, quality, safety, and technical performance. In this paper, we provide a standard framework for risk management and discuss implementation techniques for projects of all types and sizes.


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