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What's the Risk?

Publication No
IR280-3
Type
Guidelines/Suggestions
Publication Date
Jun 01, 2012
Pages
2
Research Team
RT-280
DOCUMENT DETAILS
Abstract
Key Findings
Filters & Tags
Abstract
This material is a summary and examination of a CII research team’s findings resulting from a survey of 104 contractor and owner organizations worldwide. The topic provides an overview of when, why, and how probabilistic approaches are used, and docum
Key Findings

IR280-3, “What’s the Risk”   

This quick reference guide is presented as a two-sided, laminated reference sheet. It explains the appropriate uses and interpretations of the three levels of project risk analysis. It also includes descriptive samples of probabilistic risk analysis outputs, e.g., heat maps and tornado charts.
Filters & Tags
Knowledge Area
Project Controls, Project Planning, Risk Management
Best Practice
Project Risk Assessment
Project Phase
Feasibility, Detailed Scope, Detailed Design (Engineering), Construction
Project Function
Project Business Sponsor, Project Management, Project Controls, Risk Management, External Stakeholders
Industry Group
Light Industrial, Heavy Industrial, Buildings, Infrastructure
Research Topic
Probabilistic Risk Management in Design and Construction Projects
Keywords
Risk Management, Risk Register, Capital Projects, Risk Allocation, Risk Identification, Probabalistic Contols, Deterministic Risk Analysis, Probabalistic Approach, Probability, rt280

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