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Architecture & Engineering

Clive Shearer
by Design
By Clive Shearer
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October 13, 2010

Management by Design: Write a risk management plan before you need one

Special to the Journal

Risk management is only effective if you understand the risk. It is no good donning a suit of armor if the threat is falling off a steep cliff. It is no good practicing ways to protect yourself against sharks in the ocean if the task is to cross the Sahara desert.

This is easy enough when one sees the train of risk-laden events emerging from the project tunnel because one can reasonably predict what will come next. But what if the risks are harder to spot and less predictable?

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