Integrated Project Risk Assessment (IPRA), Version 2.0
RT-181’s research (case studies, interviews, surveys) showed that assessing risk was a project management activity to be done throughout the project life cycle. This is key to effectively managing the risks. The relative importance of any specific risk depends on the respective stakeholders, and could be different for different stakeholders. Therefore it is essential to get a broad range of perspectives when assessing risk in order to arrive at a consensus on relative importance of risks (IR181-2, p. 22).
IR181-2, Integrated Project Risk Assessment (IPRA)
The International Project Risk Assessment (IPRA) tool focuses on the risks typically encountered during the life cycle of international capital projects.