oa Civil Engineering = Siviele Ingenieurswese - Risk analysis and management for projects
|Article Title||Risk analysis and management for projects|
|© Publisher:||South African Institution Of Civil Engineering (SAICE)|
|Journal||Civil Engineering = Siviele Ingenieurswese|
|Publication Date||Jun 1975|
|Pages||53 - 55|
Given today's systematic approach to project and risk management, it is tempting to believe that projects are not only fail-safe, but also executed within budget, on schedule and are of the intended scope. Unfortunately this is not always the case, and as a result many projects and companies fail due to unforeseen and unidentified risks during the entire life cycle of projects. Current methods, although advanced and thoroughly thought through, have a number of shortcomings when it comes to project risk. The consequences of these shortcomings are numerous and often troublesome.
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