At present there is sometimes a lack of in-house experience of working in areas charcterised by poverty and weak regulatory institutions. In these cases the potential added 'social' value of the large contractor is unlikely to be fully realised, and projects in some instances may even reinforce or deepen poverty. There is a need therefore to develop management that help contractors understand better how their business impaxcts on society and how they might go about managing these impacts in ways that secure commercial advantage, and where possible benefit society in the locale of project implementation. One such too is project risk analysis.
Michael Warner, Petter Matthews, Jennifer Stuttle and Ian Neal