Uncertainty, change management the application to risk & safety for infrastructure projects how it happens in australia

Successful infrastructure project outcomes are contingent upon robust risk management practices that support the realization of project objectives and future benefits in the most sustainable and economically efficient manner. This requires both a proactive risk management methodology that promotes the early identification and escalation of project related risks (and opportunities), and portfolio approach to project risk management that ensures that risks are managed in an integrated and cost effective manner across the whole portfolio of project activities. Together these enable more informed decision making and strengthen management agility in the face of uncertainty and change. They also provide a platform from which project management strengths and weaknesses can be identified and process improvement opportunities advanced so as to reduce the overall risk associated with the project.