oa Civil Engineering = Siviele Ingenieurswese - Risk analysis and management for projects

Volume 17, Issue 6
  • ISSN : 1021-2000



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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