Assessment of Risks in the present global economic environment for projects and especially projects that deal with EPC contracting for large scale infrastructure. A review of some of the major projects that have changed the rues of the game for Project Risk Assessment, management and mitigation forms a significant part of the prentation

9. Risk matrix A very useful method of summarizing the risk of the project and how it is to be dealt with is the use of a risk matrix.

13. Risk Identification, Measurement and Mitigation Risk Management Strategy Formulation Risk Identification Risk Characterization Strategic Changes Planning/Execution Changes Financial Risk Management Insurance Organizational Changes Risk Management Strategy Implementation

25. Catastrophic Foreign Exchange Risk

27. Analysis of Residual Risks

41. Assessment of Risks in International EPC Projects In Current Global Economic Environment Contractors initially welcomed the lion’s share of risk on EPC projects in return for the significant profit potential that could be derived from having simultaneous control over design, procurement, and construction and any resulting efficiencies in cost schedule. Over time, however, owners began to demand an increased role in the design process, heightened fast-track completion requirements, enhanced performance guaranties -with no corresponding assumption of risk.