Risk management

Risk management is fundamental to the successful delivery of projects, programmes and portfolios.

Risk management provides a framework to allow the alignment of organisational activity with corporate strategy as well as a means through which threats, governance and compliance can be managed.  

At Manchester, we work with industry to explore methods and methodologies to support a holistic understanding of risk across the enterprise.  Moving beyond traditional risk identification methods, we seek to explore how 'emergent' risks may be conceptualised in order to design strategies that empower organisations with resilience.  Project oriented organisations often struggle to embrace the principles of 'enterprise risk management'; complex global-supply chains coupled with 'edge-of-physics' engineering often leads to difficulties in making sense of risk intelligence, particularly in long duration projects and product life-cycles.  

The essence of our work is simple - its about 'coping with complexity'.

Why don't you come and join us?

Our PhD projects available  |  MSc Management of Projects  |  MSc Project Management Professional Development

Research focus

  • Asset management systems.
  • Understanding risk and uncertainties through 'storytelling'.
  • Multi-agent systems (MAS).
  • Private finance risk allocation.
  • Whole-life cost and performance risk management.
  • Coping with complexity of risk using bayesian networks.

Collaboration

We have a network of global research partners across academia and industry including Rolls-Royce, Siemens, Laing O'Rourke, Mott-Macdonald, EADS, Airbus Industrie and E.On.  In the UK, our links with Manchester Business School Centre for Service Research and The University of Liverpool Risk Observatory span a number of activities related to 'the complexity of risk'.  

People

Academic Staff: Dr Richard Kirkham, Prof Andy Gale.

Please contact one of the academic staff for further details of current research activity.

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