Professional Documents
Culture Documents
DavidWBoss
SeniorVicePresident MarshConstruction,PowerandUtilitiesPracticeLondon
nd 22 March2007
Agenda
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RiskMatrixandRiskAnalysis
WhatisaRiskMatrix? aworkingdocument constantlyneedstobereferredto
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SeverityofRiskmatrixexample
Consequence Likelihood
Insignificant L L L M H
Minor L L M H H
Moderate M M H H E
Major H H E E E
Catastrophic H E E E E
E H
ExtremeriskshouldbebroughttotheattentionofDirectorsandcontinuouslymonitored HighriskrequiresattentionofManagingDirector/CEOandGeneralManagers
Moderateriskappropriatelymonitoredbymiddlemanagement
Lowriskmonitoredatsupervisorylevel
Lessonslearntfromotherlargeprojects
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Constructionissuesfromarisk perspective
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Obviousrisks Fire,storm,flood,aircraft
Terrorism Fitnessforpurpose Pollution
Lessobviousrisks
Unforeseengroundconditions AdditionalIncreasedCostsofWorking Availabilityofalternativevenues
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Majorchallengesfacingmegaprojects ExamplesfrompreviousOlympicGames
Constructionissuesfromarisk perspectivemajorchallenges
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Risingcommoditypricese.g.steel Competitionforresourcesand/orsiteaccess/egress(e.g. London) 2012OlympicGames ThamesGatewayBridge PossibleMillenniumDomeconversion StratfordCity Crossrail Labourshortagesand/ordisputes Costand/ortimeoverruns Equipment/technologyfailure/unfitnessforpurpose Appetiteofcapitalprovidersfortypeofproject/financing structure
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Constructionissuesfromarisk perspectivepreviousOlympicGames
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Constructionissuesfromarisk perspectivepreviousOlympicGames
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Securitypeopleandphysical
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Questions
Disclaimer
Theinformationcontainedinthispresentationprovidesonlyageneral overviewofsubjectscovered,isnotintendedtobetakenasadvice regardinganyindividualsituationandshouldnotberelieduponassuch. Insuredsshouldconsulttheirinsuranceandlegaladvisorsregarding specificcoverageissues. Copyright2007MarshLtdAllrightsreserved