Owner's Role in Project Risk Management
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Effective risk management is essential for the success of large projects built and operated by the Department of Energy (DOE), particularly for the one-of-a-kind projects that characterize much of its mission. To enhance DOE's risk management efforts, the
department asked the NRC to prepare a summary of the most effective practices used by leading owner organizations. The study's primary objective was to provide DOE project
managers with a basic understanding of both the project owner's risk management role
and effective oversight of those risk management activities delegated to contractors.Table of Contents
- Front Matter
- Executive Summary
- 1 Introduction
- 2 Owners’ Roles and Responsibilities
- 3 Properties of Project Risks
- 4 Risk Identification and Analysis
- 5 Risk Mitigation
- 6 Contingency
- 7 Active Risk Management
- 8 Portfolio Risk Management
- 9 Conclusions
- References
- Appendix A: Biographies of Committee Members
- Appendix B: Statement of Task
Committee for Oversight and Assessment of U.S. Department of Energy Project Management, National Research Council