Owner's Role in Project Risk Management

Effective risk management is essential for the success of large projects built and operated by the Department of Energy (DOE), particularly for the one-of-a-kind projects that characterize much of its mission. To enhance DOEa (TM)s risk management efforts, the department asked the NRC to prepare a summary of the most effective practices used by leading owner organizations. The studya (TM)s primary objective was to provide DOE project managers with a basic understanding of both the project ownera (TM)s risk management role and effective oversight of those risk management activities delegated to contractors.