Risk Navigation Strategies for Major Capital Projects

Beyond the Myth of Predictability

  • Asbjørn Rolstadås
  • Per Willy Hetland
  • George Farage Jergeas
  • Richard E. Westney

Part of the Springer Series in Reliability Engineering book series (RELIABILITY)

Table of contents

  1. Front Matter
    Pages i-xiii
  2. Asbjørn Rolstadås, Per Willy Hetland, George Farage Jergeas, Richard E. Westney
    Pages 1-7
  3. Exploring the Hidden Risks in the CAPEX Portfolio

    1. Front Matter
      Pages 9-9
    2. Asbjørn Rolstadås, Per Willy Hetland, George Farage Jergeas, Richard E. Westney
      Pages 11-14
    3. Asbjørn Rolstadås, Per Willy Hetland, George Farage Jergeas, Richard E. Westney
      Pages 15-38
    4. Asbjørn Rolstadås, Per Willy Hetland, George Farage Jergeas, Richard E. Westney
      Pages 39-50
    5. Back Matter
      Pages 51-52
  4. Risk Navigation Strategies

    1. Front Matter
      Pages 53-54
    2. Asbjørn Rolstadås, Per Willy Hetland, George Farage Jergeas, Richard E. Westney
      Pages 55-60
    3. Asbjørn Rolstadås, Per Willy Hetland, George Farage Jergeas, Richard E. Westney
      Pages 61-65
    4. Asbjørn Rolstadås, Per Willy Hetland, George Farage Jergeas, Richard E. Westney
      Pages 67-74
    5. Asbjørn Rolstadås, Per Willy Hetland, George Farage Jergeas, Richard E. Westney
      Pages 75-95
    6. Asbjørn Rolstadås, Per Willy Hetland, George Farage Jergeas, Richard E. Westney
      Pages 97-107
    7. Asbjørn Rolstadås, Per Willy Hetland, George Farage Jergeas, Richard E. Westney
      Pages 109-117
    8. Back Matter
      Pages 119-120
  5. Risk Navigation Tactics for a Reshaped Governance System

    1. Front Matter
      Pages 121-121
    2. Asbjørn Rolstadås, Per Willy Hetland, George Farage Jergeas, Richard E. Westney
      Pages 123-143
    3. Asbjørn Rolstadås, Per Willy Hetland, George Farage Jergeas, Richard E. Westney
      Pages 145-157
    4. Asbjørn Rolstadås, Per Willy Hetland, George Farage Jergeas, Richard E. Westney
      Pages 159-169
    5. Back Matter
      Pages 171-171

About this book

Introduction

Investors and managers of major projects know how often they result in cost overruns and schedule delays. Risk Navigation Strategies for Major Capital Projects builds on conventional best practice to provide a risk-based view of current practices for planning and executing large international projects.

As economies of scale continue to drive projects to ever-higher levels of scope and complexity, new thinking about strategy and risk is required. Since major projects are highly exposed to external risks, the traditional view of predictability as something that can be mandated and ensured by rigorous application of conventional best practice has become a myth.  Fresh thinking is required to manage projects today, and this book provides a framework for taking project management best practice to the next level.

Risk Navigation Strategies for Major Capital Projects is intended for executives investing in major projects, project leaders and managers, as well as those with a teaching or research interest in project and risk management.

Keywords

Capital Projects Decision Making Executive Management Project Management Risk Management

Authors and affiliations

  • Asbjørn Rolstadås
    • 1
  • Per Willy Hetland
    • 2
  • George Farage Jergeas
    • 3
  • Richard E. Westney
    • 4
  1. 1.Technology, Department of Production and QualityNorwegian University of Science andTrondheimNorway
  2. 2.SandnesNorway
  3. 3.CalgaryCanada
  4. 4.MontgomeryUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-0-85729-594-1
  • Copyright Information Springer-Verlag London Limited 2011
  • Publisher Name Springer, London
  • eBook Packages Engineering
  • Print ISBN 978-0-85729-593-4
  • Online ISBN 978-0-85729-594-1
  • Series Print ISSN 1614-7839
  • About this book