ABSTRACT
This conclusion presents some closing thoughts on the concepts discussed in the preceding chapters of this book. The book shows that the amount of money needed to deliver a project cannot be computed by an estimate alone, nor can the amount of time that will be needed. The moment risks are identified in a project, the estimates of the costs and timescales required need to be re-calculated to take them into account. Doing risk calculations for a project increases the funding required, but this does not necessarily result in the project costs increasing. The current largely management-led approach to risk on projects does not derive the insights: the exposure curve, the funding requirement, the probability of completion, the ownership and the risk-management solution that an analysis-led approach does. The book suspects that the projects do not become overspent and late because the project managers did not do their job well enough, nor the planners, designers and cost managers theirs.
