COST Action TU1003 Seminar on Megaproject Risk Assessment and Simulation

Description

The COST Action TU1003 MEGAPROJECT, which focuses on the effective design and delivery of megaprojects in the European Union, was established in 2011 to connect multi-disciplinary researchers from across 24 COST countries to tackle the issues of megaproject design and delivery. The Action aims to produce immediate guidelines to influence practice and a framework to guide future decisions on resourcing EU research in megaproject design and delivery. The MEGAPROJECT COST Action operates a working group on 'Risk in the Front End'. The goal of the COST Action TU1003 Seminar on Megaproject Risk Assessment and Simulation is to further reflect the latest progresses in research and practice in megaproject risk management so as to advance the scholarship of academics and professionals who dedicate themselves in this subject field, and to contribute to the study of this important subject for better risk management in megaprojects. The seminar provides a unique opportunity for participants to exchange knowledge, information and experience in the key disciplines of risk management in megaprojects, and to identify critical problems that further research should tackle. There are two sessions in the seminar: - In the session on practice, presentations focus on the practice of risk management in megaprojects, and invited speakers are from European Commission, The Crown Estate, Turner & Townsend Infrastructure, Bircham Dyson Bell, Capital Value & Risk Limited, Aston Business School, Jacobs & IRM, and Heriot-Watt University. - In the session on research, presentations focus on the research into megaproject risk management models using techniques such as analytic network process, system dynamics, and machine learning, etc., and invited speakers are from Heriot-Watt University, The Symmetric Partnership LLP, and University of Belgrade. The seminar has received positive feedback from attendees from IRM. For example, - Tony Francis from London – ‘Many thanks for hosting Friday's event; it was excellent.’ - Donald Henderson from NHS – ‘We all found it very interesting and look forward to the presentations that we can share with the other members of the PMO.’ - Geoff Bell from Talisman Energy Limited – ‘Thanks for the very interesting day last Friday.’

Period	2014
Event type	Seminar
Location	Edinburgh, United Kingdom