Preparing for Failure
- CH2M HILL, Dounreay/D2000, Thurso, Caithness KW 12 7TS (United Kingdom)
- The Nichols Group, 2 Savile Row, London W1S 3PA (United Kingdom)
Risk management is one of the most complex project management processes, requiring rigorous management and discipline. Unfortunately, for many organizations, the risk management process has become contaminated by poor management practices, an absence of meaningful risk assessments, meaningless risk event descriptions, incomplete and vague risk impact analyses, poor follow through on risk mitigation activities and a general lack of attention to accuracy, completeness and quality. At this point, the risk register, instead of being a key tool used by the organization to systematically identify and eliminate risk, while exploiting opportunities, has become a list of pre-prepared excuses based on the repeat of failures encountered on past projects. However, organizations are not condemned to repeat past failures. By returning to the basics of risk management, and through the application of some basic management guidelines, the risk register-instead of being an 'Excuse Register' - can become the cornerstone of a comprehensive risk management program to promote a systematic, pro-active approach within an organization that will result in accomplishing mitigation activities, reducing risk and gaining advantage through opportunities. (authors)
- Research Organization:
- WM Symposia, Inc., PO Box 13023, Tucson, AZ, 85732-3023 (United States)
- OSTI ID:
- 21208606
- Report Number(s):
- INIS-US-09-WM-06100; TRN: US09V0917079393
- Resource Relation:
- Conference: Waste Management 2006 Symposium - WM'06 - Global Accomplishments in Environmental and Radioactive Waste Management: Education and Opportunity for the Next Generation of Waste Management Professionals, Tucson, AZ (United States), 26 Feb - 2 Mar 2006; Other Information: Country of input: France; 13 refs
- Country of Publication:
- United States
- Language:
- English
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