Projects are inherently uncertain undertakings with numerous accounts of failed projects evidence of this, leading University of Pretoria senior lecturer Schalk Grobbelaar to pose the question of how it can be assured that projects meet expectations. 

“Historically, project risk management has focused on preventing ‘bad things’ from happening. The process would start with identifying everything that could go wrong and assigning a probability and consequence to each event. This would usually lead to a long list of potential hazards that need to be prioritised and actioned. Risk standards, however, have moved on,” he states.

Read more:  Moving from project risk management  ... Schalk Grobellaar, Engineering News & Mining Weekly, 29 July - 4 August 2022