The Owner's Role in Project Risk Management

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Size: 102 pages, 6 x 9

Publication Year:2005

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Committee for Oversight and Assessment of U.S. Department of Energy Project Management, National Research Council
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Effective risk management is essential for the success of large projects built and operated by the Department of Energy (DOE), particularly for the one-of-a-kind projects that characterize much of its mission. To enhance DOE s risk management efforts, the department ...
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Table of Contents
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Front Matter	i-xii
Executive Summary	1-4	(skim)
1 Introduction	5-7	(skim)
2 Owners Roles and Responsibilities	8-15	(skim)
3 Properties of Project Risks	16-21	(skim)
4 Risk Identification and Analysis	22-40	(skim)
5 Risk Mitigation	41-51	(skim)
6 Contingency	52-60	(skim)
7 Active Risk Management	61-69	(skim)
8 Portfolio Risk Management	70-76	(skim)
9 Conclusions	77-78	(skim)
References	79-80	(skim)
Appendix A: Biographies of Committee Members	81-89	(skim)
Appendix B: Statement of Task	90-90	(skim)

Description

Effective risk management is essential for the success of large projects built and operated by the Department of Energy (DOE), particularly for the one-of-a-kind projects that characterize much of its mission. To enhance DOE s risk management efforts, the department asked the NRC to prepare a summary of the most effective practices used by leading owner organizations. The study s primary objective was to provide DOE project managers with a basic understanding of both the project owner s risk management role and effective oversight of those risk management activities delegated to contractors.

The Owner's Role in Project Risk Management

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