ABSTRACT
As the project's shape evolves with design, project boundaries that are not established, managed and controlled can rapidly cause a sudden and stressful intervention on the organisation's planned strategy, operational and cashflow processes. The objective of the Business Concept Development Stage is to try and be as clear as possible about the vision and the value proposition and the risk at high level then drill down into the detail at Corporate Client/Delivery Capability/Transformation Stage to manage delivery and contain corporate risk. Most clients are used to a ‘business as usual’ corporate budget established from known processes. Most organisations go through change processes to improve business productivity; however, these are usually incremental modifications controlled within boundaries of known and containable strategic, operational and cashflow limitations and they result in permanent change. Enterprise risk management allows ‘reasonable risk taking’. The key determinant is the risk appetite, sustainability and the ‘financial headroom’ required by the institution.
