The risk of safety regulation changes in transport development projects

Williams, T. M.

Abstract

© 1997 Taylor & Francis. Changes to safety regulations forms a major risk to large projects. The effects are systemic, so difficult to quantify and usually under-estimated. As well as general lessons about the risk, this paper describes two transport manufacturing projects that were evaluated post mortem as part of claims procedures, to demonstrate the type of effects caused, and the issues involved in quantification. Traditional tools were inadequate to quantify the effects. The use of System Dynamics is described to demonstrate the project dynamics, to model the inter-relationships between factors and to quantify their combined effect. This technique can be used for many areas of project modelling.

Citation

Williams, T. M. (1997). The risk of safety regulation changes in transport development projects. In K. Kahkonen, & K. Artto (Eds.), Managing Risks in Projects (284-293). https://doi.org/10.4324/9780203860595

• Conference Name: Proceedings of the IPMA Symposium on Project Management 1997
• Conference Location: Helsinki, Finland
• Start Date: Sep 17, 1997
• End Date: Sep 19, 1997
• Publication Date: 1997
• Deposit Date: Apr 1, 2022
• Publisher: Taylor & Francis
• Pages: 284-293
• Book Title: Managing Risks in Projects
• ISBN: 9780419229902
• DOI: https://doi.org/10.4324/9780203860595
• Public URL: https://hull-repository.worktribe.com/output/3634103
• Publisher URL: https://www.taylorfrancis.com/books/mono/10.4324/9780203860595/managing-risks-projects-artto-kahkonen