Managing risk across the Olympic programme

The Olympic Delivery Authority (ODA) was tasked with completing the venues 12 months ahead of the London 2012 Olympic and Paralympic Games, and within its £7.2 billion budget. The risks to these targets were great, with a heavily contaminated site, worsening economic conditions, multiple stakeholders and the eyes of the world’s press ever present. Key to the success of the ODA’s approach was a strong risk management process, including a clear risk hierarchy (allowing the right people to manage the right risks), a robust quantified risk analysis controlling contingency allocation and a healthy balance of review, assurance and audit promoting an ‘honest’ culture of risk awareness.
17 Oct 2011
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