Fortunately, engineering disasters are not commonplace because, for much of the time, engineers have successfully taken steps to avoid them. Today, risk management processes are highly procedural and complex.
But high-impact low-probability events occur more often than we think and have wide-reaching consequences. How do we try to make sure that they don't happen on our project?
This lecture will take us through some examples from the speakers' own experience, the reasons that high impact risks need to be treated differently from others, "dos and don'ts" when managing big risks, and the place of insurance in the construction of major projects.
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