Megaprojects and risk management: Emaar Properties Online publication date: Fri, 05-Jun-2009
by Robert Bateman, Munir Majdalawieh
International Journal of Teaching and Case Studies (IJTCS), Vol. 2, No. 1, 2009
Abstract: Companies in a variety of industries must be cognisant of the risks associated with project management, but organisations implementing megaprojects must actively identify, analyse, mitigate, monitor and control for a variety of potential challenges that could impact on project schedule, cost, and quality. In addition to managing risks within projects, large enterprises must also consider their exposure to market events and other situations beyond their control. This paper identifies several challenges associated with large projects and examines how Emaar Properties manages risks across markets by spreading projects geographically and by diversification across industries.
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