ABSTRACT
This chapter looks at the special characteristics of innovative risk control projects and how to make them successful. Projects which involve doing something that has never been done before, and will involve some invention and discovery along the way, present special problems. The more innovative the project the more easily it will shrug off attempts to impose normal project management disciplines. Treating innovative projects as if they are normal, run-of-the-mill projects is a dangerous mistake. Companies took advice from audit and consulting companies, presumably because they offered audit experience, but this experience was not directly relevant to the review required. The big audit firms wrote guidance documents for companies but these were on the basis that companies would do the same as external auditors. In general it is much better to recognize the innovation involved in most risk control projects and manage those projects appropriately.
