Excerpt from Understanding and Managing Risks in Large Engineering Projects
Large engineering projects are high-stakes games characterized by substantial irreversible commitments, skewed reward structures in case of success, and high probabilities of failure. Once built, projects have little use beyond the original intended purpose. Potential returns can be good but they are often truncated. The journey to the period of revenue generation takes 10 years on average. Substantial front - end expenditures prior to committing large capital costs have to be carried. During the ramp - up period, market estimates are tested and the true worth of the project appears; sponsors may find that it is much lower than expected. Bankers can discover that covenants will not be respected. Restructuring of ownership and debt may be the only way to save prior investments.
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Paperback. Zustand: New. Print on Demand. This book provides a comprehensive guide to understanding and managing project risks, focusing on large-scale engineering endeavors. It presents a dynamic model for coping with uncertainties and challenges in project development, offering practical strategies for shaping project outcomes. The author emphasizes the importance of mitigating, shifting, and influencing risks, while recognizing the broader context within which projects are undertaken. By analyzing real-world case studies, the book offers valuable insights into the complexities of risk management and highlights the significance of embracing a proactive approach to project success. Its cutting-edge insights will prove invaluable for project managers, investors, and decision-makers seeking to navigate the challenges and secure the benefits of large-scale engineering ventures. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9780243135325_0
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Anbieter: PBShop.store UK, Fairford, GLOS, Vereinigtes Königreich
PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9780243135325
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