Managing risk effectively on the Middle East's giga-projects
will require behavioural change along with a raft of measures to
pre-empt the schedule and cost overruns seen on past megaprojects
in the region.
This was among the conclusions to emerge from an expert panel
discussion hosted by RICS and HKA, the global risk mitigation
consultancy. The webinar,1 attended by over 400 people
from 41 countries, heard how the giga-projects involve
unprecedented concentrations of materials, skills, new technologies
– and risk.
Dele Oyekanmi, Senior Manager – Contracts &
Commercial, at NEOM, the vast zero-carbon city to be built in Saudi Arabia – explained how analysis of
project-critical factors showed team behaviours outweighed even
cost estimation and project management systems in importance.
