Risks to project benefits realisation: Some lessons from transport

This webinar, held on 1 June 2021, discussed the hard to quantify (but highly important) risks that can cause projects to fail to achieve their objectives.

Presenter: Dr David Worsley

Project risk managers tend to concentrate on cost and time from the project “cost-time-quality” triangle. Critical risks that may lead projects to fail to provide the functions which are intended can thus receive disproportionately low attention. Using examples from the transport industry, Dr Worsley described a variety of reasons why a project may not achieve its objectives.

For project professionals to identify these risks will require a deeper knowledge of how their industry creates benefits and value. Fortunately, treating the creation of a project business case as a project in its own right can assist with this. Combining risk and value management processes can also help to flush out these issues.


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