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Risk Assessment for International Project

Event Date
Jun 30, 2003
Type
Conference Presentation
Research Team
RT-181
Slides
26
Topic
Risk Analysis for International Projects
DOCUMENT DETAILS
Abstract
Filters & Tags
Abstract
CII commissioned RT-181 in response to the increasing trend among U.S. firms (owners and contractors) pursuing projects outside of North America which carried with them risks unique to projects in foreign jurisdictions. These risk factors are specific to international projects and represented an additional layer of threat/opportunity to the stakeholders’ interests.   RT-181 established the following objectives:      Develop a process to identify and assess risks specific to international projects using standard terminology.     Develop a list of risk elements specific to international projects.     Create a structured process to help identify, measure, and track risks from an early stage of project development through operation of the facility.   To enhance the identification and assessment of international project risks, RT-181 developed a structured risk identification and assessment process known as the International Project Risk Assessment (IPRA). The IPRA has been tailored to address the specific issues typically encountered by those working in an international setting. The tool focuses on the international aspects and does not address issues considered basic to the project. As outlined in this summary, research has shown that the tools and techniques developed by the project team can assist in improving the overall success of international capital projects.
Filters & Tags
Knowledge Area
Performance Assessment, Project & Program Management, Risk Management
Best Practice
Project Risk Management
Project Phase
Feasibility, Concept, Detailed Scope, Detailed Design (Engineering), Procurement, Construction
Project Function
Project Business Sponsor, Project Management, Architects & Engineering, Procurement & Contracts, Construction, Commissioning & Startup, Operations & Maintenance, Health, Safety & Environmental, Risk Management, Business Development & Proposals, SBU or Corporate Functions
Industry Group
Light Industrial, Heavy Industrial, Buildings, Infrastructure
Research Topic
Risk Analysis for International Projects
Keywords
Risk Allocation, Risk Register, International Project(s), Risk Assessment, IPRA, Globalization, Risk Elements, Risk Matrix/Matrices, Likelihood of Occurrence, rt181

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