Engineering the risk

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© marchcattle [[www.123RF.com 123RF.com]]</span>Large engineering projects are characterised by substantial irreversible commitments, skewed reward structures when successful, and high probabilities of failure. Therefore the risks are multidimensional and need to be unbundled to clearly understand the causes, outcomes, and drivers. Nevertheless, since their impacts depend on how they combine and interact, reductionism must be avoided.