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(RISK-2406) Practical Risk Management for Airport Projects Case Study

Level: Basic
Author(s): Hossam A. Eid Mohammed
Venue: 2017 AACE International Annual Meeting, Orlando, FL

Abstract: Risk management including identification, assessment, and prioritization of Risks can be one of the most effective tools in controlling Project execution.

In Strategic projects such as airports, applying risk management tools can secure the reliability of the project schedule, budget and minimize operation problems by implementing a realistic project management plan.

With a case study for a real life project, the paper will introduce how the project management team implemented risk management procedures and used risks management tool to enhance the project level of confidence, achieve targeted level of confidence and indicate the correlation between the project major risks and the impact of these risks on the project time and cost estimate to implement the proper risk responses.