Effective risk and opportunity management is key to the successful delivery of any major engineering and construction project. Project Risk and Opportunity Management looks at how all those involved can manage risk and capitalise on the opportunities that uncertainty presents. The authors highlight that uncertainties should be managed rather than avoided. This book will examine projects ranging from simple ones with small teams to megaprojects involving hundreds of people, considering the consequences of delays or unforeseen costs. While obvious risks can be planned for, the authors argue that often the opportunities in these situations hold unexploited potential.

Focusing on opportunity management from the owner’s perspective, Project Risk and Opportunity Management will be an invaluable resource for those studying engineering at both undergraduate and postgraduate levels, outlining ways in which projects should be managed from planning to completion. It is also a significant tool for professionals in project management and the construction industry. While many books demonstrate effective construction management, this is the first to emphasise the opportunities in uncertainty and the possibilities in the unexpected.