This case study outlines a risk management activity that was conducted jointly by a project sponsor and a contractor, shortly after contract signature. The aim was to reduce risk exposures for all the parties involved and generate better project outcomes. There were significant benefits in terms of a deeper understanding and appreciation of each other’s perspectives, as well as a cooperative approach to risk management in the project.
Creating value from uncertainty
Broadleaf Capital International is a specialist management consultancy. Our expert team brings decades of experience, leading methods and a deep understanding of uncertainty and how it can be understood and managed. We operate around the world.
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We assume complexity means risk and a combination of scale and complexity is sometimes used as an indicator of project uncertainty. Complexity, scale and risk are bound together in the way we think. It may be, though, that the risk associated with complex projects is not just due to complexity itself but also the way we choose to deal with it.
Links here provide resources that explain some of the principles of complexity and the Cynefin framework that sets complexity in context