Project and business risk management are now commonplace, appearing in many industries including the space sector. This lecture and discussion will take stock of how far we have come in developing risk management as a significant contributor to project success and consider key challenges for the future. The status of the space sector will be placed against the background of other ‘terrestrial’ industries, looking at:
• The degree of agreement on processes and techniques
• The extent of integration into wider project/business organisations
• The application of risk thinking to all stages of the project/mission lifecycle.
In the space sector, we will consider:
• Recent statements made at the ESA Risk Management Workshop in April 1998
• An ESA case study involving a risk-based approach to decisions on future mission management policy.
Turning to the future, there is an emerging consensus that the key priorities for tomorrow lie in the areas of client/contractor applications of risk and achieving the step from risk assessment to effective risk management.
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Dr Paul Brand has a BSc and PhD in Aeronautical Engineering. He came into risk management from the safety aspect, beginning his career in the preparation of probabilistic risk assessments. Moving into project risk management in 1992, he has conducted many risk management studies and has also been involved in several programmes introducing project risk management into new organisations. As part of this work, in 1996/97 he conducted a risk-based appraisal of future mission management options for ESA. Now working with Risk Solutions, a management consulting practice within AEA Technology plc, he is focusing on specialist risk related assignments. His most recent programme of work has been to manage wide ranging investigation into the risks associated with negative public behaviour (trespass and vandalism) in the transport sector.
No Tickets required and Visitors welcome
This Lecture has been organised by The Royal Aeronautical Society's Space Group. The Lecture will be held in the Society's Lecture Theatre commencing at 18:00 hours
Contact: Conference Department, RAeS, 4 Hamilton Place, London W1V 0BQ
Tel: 0171 499 3515 Fax: 0171 493 1438. E-mail: space@aerosociety.com