This case study describes the conduct and outcomes of an initial scoping risk assessment of the Sydney Olympic Velodrome, undertaken in 1994 in the early stages of Olympic facilities planning. The intention was to facilitate a short brainstorming session, involving the main Government stakeholders in the development of the velodrome, to provide input to a subsequent value management study.
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.
This book review by Dr Dale Cooper of Grant Avery: 'Project Management, Denial and the Death Zone: Lessons from Everest and Antarctica' (with a foreword by Sir Ranulph Fiennes), was published in RiskPost, the newsletter of RiskNZ (formerly the New Zealand Society for Risk Management), in March 2016. Grant Avery's fascinating book makes interesting and entertaining reading, as well as providing insights into aspects of managing risk in projects that we rarely think about in depth.