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The Owner's Role in Project Risk Management (2005) / Chapter Skim
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9 Conclusions
Pages 77-78

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From page 77...
... · Effectively communicate to all key stakeholders the progress and changes to project risks and mitigation plans. An example of a risk assessment tool that uses some of the risk assessment methods discussed in this report is the Construction Industry 77
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From page 78...
... Program managers and DOE senior management can contribute to effective risk management by ensuring that project directors and IPTs effectively carry out the actions listed above and by requiring projects to report on the status of all risks and risk management activities in every project status report and at every project review meeting. Conventional project management is reactive: Senior owner management becomes involved when the project is already over budget, over schedule, and -- possibly -- underperforming, when it is too late to correct the situation by improving project management.
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Key Terms

  • project risks
  • project life
  • key stakeholders
  • theoretical approach
  • project risk

  • risk responses
  • project review
  • project status
  • requiring projects
  • management activities

  • evaluate project
  • include key
  • responses periodically
  • project directors
  • project team

  • integrated project
  • assign blame
  • effective risk
  • management process
  • senior management

  • doe senior
  • quantifying risks
  • effectively carry
  • allows managers
  • management attention

  • ipts effectively
  • effectively communicate
  • managerial approach
  • doe project
  • intimately involved


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