ABSTRACT
Risk management at the programme level plays an important role in strategic decision making. Decisions concerning changes to the programme in terms of such aspects as funding, resourcing, direction, quality of deliverables, priority and timescale, frequently require a sound risk management approach. In programmes, the focus on risk in the business environment and marketplace usually has greater significance. The best way to tackle the people, technical and business challenges is through the application of good practice. Risk-reward contracts or joint-venture arrangements are preferable to standard terms for suppliers providing the major part of services to a programme. The Programme Director needs to establish the right priority of a programme within the lines of business, and set expectations of resource requirements. The managers of projects and programmes generally understand the need to establish plans and control processes, but the way in which they are utilised makes all the difference.
