RAMP : risk analysis and management for projects - Faculty of Actuaries in Scotland

Risk Analysis and Management for Projects (RAMP) is a process that has been developed by a joint working party of the Institution of Civil Engineers and The Actuarial Profession for the purpose of evaluating and controlling risk in major projects. Ramp demonstrates how to identify, analyse and mitigate risks and how to place financial values on them. This practical handbook details a rigorous approach to risk management that can be applied to all types and stages of investments. It provides a method to enable a structured and consistent analysis of the financial implications of risk within (and between) projects to be carried out effectively. It can be applied either at a strategic level or as a detailed analytical and control process. The RAMP process aims to achieve as much certainty as possible about a long-term and uncertain future. "Risk Analysis and Management for Projects" will be of use to everyone who is concerned with the financial, commercial, legal or engineering aspects for major projects and ongoing activities of any kind.