Risk should be a continual focus from early-stage planning through to delivery and operations. This working group aims to help governments understand what steps should be incorporated at each stage to help identify and better tackle project risk, with the goal of reducing risk overall, through ensuring it is allocated to the right party.
Risk needs to be an organizational priority through project stages and lifecycle with clear governance and responsibility. Pair this with early and transparent engagement with the market to identify risks and discuss the best approach to avoid, reduce, transfer, or accept risk.
Have a comprehensive register of risks allocated to the party best able to handle them or shared in the case of complex or unknown risks.
Focus on collaborative relationships through behaviour, ongoing communication, and processes to tackle risks and prevent issues escalating. Finally, allow timeframes for adequate planning, due diligence and high-quality bids.