Featured PMWT Case Study - September 2006
Effective Risk Management Keeps London Underground's Projects on Track
by Colin Wheeler
When it opened in 1863, the London Underground was the world’s first underground railway. Today, this vital metro system provides over 3 million passenger journeys a day to and from 275 stations. “The Tube” stretches over 400km and requires over 12000 employees to operate and maintain the network. The London Underground is crucial to the economy of London (and indeed the wider United Kingdom).
The Challenge
To manage a diverse set of risks across a multi-million dollar project portfolio. London Underground controls vast portfolio of commercial property across the city, including commercial offices, warehouse facilities and, of course, the stations themselves.
Read the full text of Effective Risk Management Keeps London Underground's Projects On Track
About the Author:
Colin Wheeler
Colin Wheeler has over two decades of experience in the field of Risk Management and is now Technical Director with Istria Risk Management Solutions. He is a leading member of the UK Risk Management community, acting as the UK Risk representative of the Programme Management Institute and a Subject Matter Expert for the rewrite of the OGC’s Management of Risk Module. Colin has extensive experience of conducting risk management consultancy and training in both the public and private sector. Previous clients include the Ministry of Defence, the UK Passport Office, the National Health Service, British Telecom, DHL and Transport for London. Mr. Wheeler played a major role in creating the leading edge risk management software, IRIS, a user friendly tool that uniquely combines qualitative and quantitative techniques into a single application that facilitates decision making, automates processes and provides a secure audit trail of risk management activity.
Email colin.wheeler@istria-ltd.com or visit www.irisintelligence.com.
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