Projecting risk

Major oil and gas projects require increasingly large capital expenditure outlays, so the need for accurate risk assessment during the strategic decision-making phase is key. If a project team can identify areas of uncertainty in a project, then it can account for these in its proposal. For company boards looking at an array of projects – some which may or may not go ahead – adopting a portfolio approach to project risk management has many advantages. In addition, taking a risk-savvy approac

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