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Rethinking risk in development projects: from management to resilience

Author

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  • Kent Schroeder
  • Michael Hatton

Abstract

Identifying risks and risk-mitigation strategies at the project design stage is a key part of managing development projects. Yet, experience in the field suggests that many risks that derail projects are unknowable during project design. Risk management needs to evolve to respond effectively to these unexpected risks. We argue that the concept of resilience can provide insight into responding better to unexpected risks. The article describes the nature of resilience and outlines a number of practical strategies to build resilience into projects to respond to risk more effectively.Repenser le risque dans les projets de développement : de la gestion à la résilienceL'identification des risques et des stratégies de réduction des risques au stade de conception des projets constitue une partie essentielle de la gestion des projets de développement. Or, l'expérience sur le terrain suggère que de nombreux risques qui font déraper les projets ne sont pas identifiables au moment de la conception des projets. La gestion des risques doit évoluer pour réagir efficacement à ces risques imprévus. Nous soutenons que le concept de résilience peut donner des idées permettant de mieux réagir aux risques imprévus. Cet article décrit la nature de la résilience et présente dans leurs grands traits un certain nombre de stratégies concrètes permettant d'intégrer la résilience dans les projets afin de réagir plus efficacement aux risques.Repensando o risco em projetos de desenvolvimento: do gerenciamento à resiliênciaIdentificar riscos e estratégias de atenuação de riscos na fase de montagem do projeto é uma parte central da gestão de projetos de desenvolvimento. Porém, a experiência na área sugere que muitos riscos que desestruturam os projetos não são possíveis de serem conhecidos durante a montagem do projeto. A gestão de risco precisa evoluir para responder efetivamente a tais riscos inesperados. Argumentamos que o conceito de resiliência pode fornecer ideias para uma melhor atuação diante de riscos inesperados. Descreve-se a natureza da resiliência e são apresentadas várias estratégias práticas para desenvolver a resiliência no contexto dos projetos para que respondam aos riscos de forma mais efetiva.Reconsiderando el riesgo en los proyectos de desarrollo: de la gestión a la resilienciaUn aspecto importante de la gestión en los proyectos de desarrollo es la identificación de riesgos y de estrategias para su reducción en la etapa de diseño del proyecto. Sin embargo, la experiencia en el terreno revela que muchos riesgos que contribuyen a que los proyectos descarrilen no son evidentes en la fase de diseño del proyecto. La gestión de riesgos deberá actualizarse para responder con eficacia ante los riesgos no previstos. Los autores sostienen que el concepto de resiliencia puede ser un recurso para responder más ágilmente ante riesgos no previstos. Este ensayo describe la naturaleza de la resiliencia y enumera varias estrategias prácticas para incluirla en los proyectos y así responder con mayor eficacia ante los riesgos.

Suggested Citation

  • Kent Schroeder & Michael Hatton, 2012. "Rethinking risk in development projects: from management to resilience," Development in Practice, Taylor & Francis Journals, vol. 22(3), pages 409-416, May.
  • Handle: RePEc:taf:cdipxx:v:22:y:2012:i:3:p:409-416
    DOI: 10.1080/09614524.2012.664623
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