What is it about?

Uncertainty is not the same as risk, because risk can be calculated and hereby managed. Uncertainty represents 'the unknown unknown', which means you do not know what you do not know. How can it be managed then? This article explains that in the Operation and Maintenance activities in offshore wind park projects the front-load of knowledge is important. It means that resources needs to be developed earlier than usual anticipated in project management. Additionally the base organization needs the capacity to both explore and exploit the important uncertain issues.

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Why is it important?

Many projects fail - especially large scale complex projects. Therefore it is important to find out how to manage uncertainty for more successful project in the end.

Perspectives

More successful complex projects have a large positive impact on society as many activities are conducted as projects all over the world.

Associated Professor Tove Brink
Syddansk Universitet

Read the Original

This page is a summary of: Managing uncertainty for sustainability of complex projects, International Journal of Managing Projects in Business, April 2017, Emerald,
DOI: 10.1108/ijmpb-06-2016-0055.
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