Guide for the Process of Managing Risk on Rapid Renewal Projects (*SHRP 2 Prepublication Report)
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Greetings!
The innovative approaches and compressed schedules often involved in rapid renewal can amplify problems or risks. Advanced project management techniques are needed to maximize opportunities and avoid poor project outcomes. A formal and structured risk management approach--in which such potential problems can be adequately and efficiently anticipated, evaluated, and addressed before they occur--can optimize project performance and significantly improve the chance of project success. The guide developed in project R09 (Guide for the Process of Managing Risk on Rapid Renewal Contracts) describes a risk management approach specifically for rapid renewal projects, which can also be applied to non-rapid renewal projects.
* To make research available as early as possible, SHRP 2 is temporarily posting final reports that have been submitted by the research team, reviewed according to the relevant National Academy of Sciences procedures, and accepted for publication. These prepublication drafts, which have not been edited or formatted for publication, will be replaced by the final versions as they complete the editorial process.
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