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Articles tagged with: inherent risk

High risk capital projects: inherent vs. imposed risk

Peter Kalish,
Many capital projects involve high risk. Peter Kalish explains an important distinction between inherent and imposed risk.

The revolution in product design that has occurred over the past three decades has been a boon to clients, but a headache for capital project teams. Systems demand tighter tolerances, use more complex advanced materials, and must meet higher performance requirements. Temperatures are higher, materials are more hazardous, ambient environments...

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