Enterprise Risk Management
Risk Management Framework for Infrastructures
- Client
- Major Construction Group
- Country
- France
- Year
- 2002
- Industry
- Construction & Transportation
- Service
- Risk Management
A major transportation operator wanted to anticipate budget and schedule overruns on its new investments. A kwantis partner created a complete and intuitive project risk management process and applied it to a strategic road tunnel.
The challenge
A major transportation operator, with assets such as highways, parking, bridges and tunnels, wanted a risk management process to manage its projects better. The objective was to anticipate budget and schedule overruns on new investments.
Our approach
A kwantis partner created an intuitive project risk management system made of guidelines, templates and tools:
- All risk information is organized around a risk breakdown structure (RBS) designed for infrastructure projects.
- Risk register and reporting templates were produced according to the company’s specifications, which were also driven by regulatory requirements.
The outcome
The system was applied to a strategic project: a 10 km road tunnel with a number of innovations in the tunnel boring machine (TBM), in traffic management, and in the integration of the project into a dense urban area, minimizing its impact on local residents.
