As capital projects have become increasingly complex so have the potential risks to successful completion. Industry participants have employed varying levels of risk management whether for their businesses, their projects, or both. There are a number of methods, tools, processes, and procedures that facilitate formal risk analysis, yet the sheer quantity of capital projects that are impacted by cost and time overruns proves that this an area for significant improvement.
Join us as our construction experts discuss current risk management systems, cutting-edge thinking for formal risk analysis, and the required adoption of a risk-aware project and corporate culture to improve overall capital project performance.
- Thomas A. Thompson, Managing Director, Ankura.