14 Project‐Oriented Risk Assessments
Bruce Lyon
Brown & Brown
14.1 Introduction
With change, there is risk. And one thing all projects tend to share throughout their life cycle is “change.” Project‐oriented tasks such as transportation, installation, construction, maintenance, service, repair, demolition, teardown, retrofitting, and other unique activities have a beginning and an end. And these tasks generally involve rapid and continuous change throughout the project, creating certain challenges from an operational risk standpoint.
The Webster dictionary defines “project” as a plan, proposal, or assignment to conduct an important undertaking requiring concerted effort. Note the words “plan” and “concerted effort.” The definition implies that there is a need to perform preplanning to adequately understand the objectives and scope, as well as the risks; communicate the plan to all affected parties; and coordinate the execution of the plan with stakeholders. Projects are can be characterized as:
- Temporary or short‐term activities with a specific beginning and end.
- Not part of the normal production or routine work that takes place.
- Dynamic in nature with the potential for the conditions and/or work demands to fluctuate. ...
Get Risk Assessment, 2nd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
