9 The role of project management

Engineering project management has a vital role to play in risk management. In the work leading up to approval of funds, project managers can contribute to economic decisions by producing realistic estimates of cost and time which are based on a clear specification of operational and quality requirements [49].

During the project their role is to ensure that risks to cost, time and performance are managed so as to meet the client's objectives [51].

What should project managers be looking at to achieve these aims ? We believe that success comes by

thorough study of risk and uncertainty, stage by stage through all but minor projects