Risk management

Risk Management

Kevin Coleman Subject Matter Expert, Author, Speaker and Strategic Advisor| - Insights Pa, United States

Is continuous monitoring and evaluation required for project involving emerging technologies that are mostly unproven?

Posted: Nov 25, 2017 8:05 PM

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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada

Nov 26, 2017 9:16 PM

Replying to Vincent Guerard

...

Stephane,
Higher impact, Higher probability or both?

Vincent, as the higher combined severity.

Posted: Nov 27, 2017 7:22 AM

Alfredo Serpell Bley Research Professor| Universidad del Desarrollo, Chile Chile

I agree with continuous monitoring of risk on all projects. However, in this case there is a source of risk that is very important and requires a special and continuous monitoring and control effort. Estimators assign large amounts of contingency to this kind of projects due to their uncertainty.

Posted: Nov 27, 2017 2:49 PM

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