Principles and guidelines for project risk management

摘要

The increasing size and complexity of acquisition and development projects in both the public and private sectors has begun to exceed the capabilities of traditional management tech- niques to control them. This situation had led cost overrun, late delivery, and performance shortfalls to become commonplace. One way to contain these adverse consequences of complexity is through the principled application of risk management. This paper presents a general discussion of the concepts involved in conducting project risk management, which is in large part based on tools and methods currently employed by the authors.