Abstract
M. Phil.
Risk management comprises of risk identification, risk analysis, response planning, monitoring and action planning tasks that are carried out throughout the life cycle of a project in order to ensure that project objectives are met. Risk is a fact of life in all mining type projects. This research dissertation documents the risk management practices of an EPCM company involved in mining projects. Risk analysis techniques are discussed and the author goes deeper to examine what risk means to a project, and how the project team perceive, identify and quantify project risks.
This dissertation uses a case study to focus on an EPCM firm‘s approach to risk management in the mining projects environment. This study aims to illustrate how the risks involved in a project have to be identified, controlled and managed. The purpose of this dissertation is therefore to act as an implementation risk management model for the case company and for use in a typical mining projects environment. Risk is an integral part of engineering projects, and it is necessary to manage the risks in order to ensure project success.