ABSTRACT

Everything we do from getting out of bed in the morning to returning there at night carries risk. Come to think of it, even lying in bed can be risky. It is not surprising that projects, which metaphorically (and sometimes literally) break new ground, attract many risks. Project risk can be predictable or completely unforeseeable. They might be caused by the physical elements or they could be political, economic, commercial, technical or operational in origin. Freak events have been known to disrupt projects, such as the unexpected discovery of important archaeological remains or the decision by a few members of a rare protected species to establish their family home on what should have been the site of a new project.