Exploring The Link Between Complexity And Risk In Construction
The workshop (at the Institute of Risk Management on January 31st) looked at the concept of project complexity and how that drives project risk. Presenters gave perspectives from different sectors such as rail, energy, construction and military as well as emerging techniques that might be able to help in this area.
We also explored how these conditions challenge existing risk management processes citing a number of examples such as industry culture, the concept of risk transference and contract structures. Finally we looked at how some of these areas could be improved going forward. In particular looking at the need for the industry itself to recognize its challenges and better embrace change as well as recent efforts by the UK government to incentivize the industry to think longer term and adapt noting recent BIM legislation and Sector investment plans.
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