An observational model for managing risk

J LeMasurier, DI Blockley, D Muir Wood

Research output: Contribution to journalArticle (Academic Journal)peer-review

7 Citations (Scopus)

Abstract

The observational method, which has its roots in geotechnical engineering, is shown to be a particular instance of a generic approach applicable to the management of a range of construction project risks. A methodology is described for ensuring robustness in the observational method process, by applying the same principles on which it is based in a holistic way to the management of all project risks, not only those associated with the ground. A model is presented of the broader application of this approach to risk management and a practical example is given of a successful application of the developed methodology to a project with a complex range of risks.
Translated title of the contributionAn observational model for managing risk
Original languageEnglish
Pages (from-to)35 - 40
Number of pages6
JournalProceedings of the ICE - Civil Engineering
Volume159 (6)
DOIs
Publication statusPublished - Nov 2006

Bibliographical note

Publisher: Thomas Telford

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