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Fortunately, engineering disasters are not commonplace because, for much of the time, engineers have successfully taken steps to avoid them. Today, risk management processes are highly procedural and complex.
But high-impact low-probability events occur more often than we think and have wide-reaching consequences. How do we try to make sure that they don't happen on our project?
This lecture will take us through some examples from the speakers' own experience, the reasons that high impact risks need to be treated differently from others, "dos and don'ts" when managing big risks, and the place of insurance in the construction of major projects.
Bill Grose is a Chartered Civil Engineer and consultant in the fields of tunnelling, geotechnical engineering, risk management and forensic investigation of failures.
Whilst most of his 40 years in the industry, 36 with Arup and 4 running his own business, have been spent on major underground infrastructure projects across the world, Bill's work has included 5 years leading the planning and design of London's Olympic Park and two years with HM Treasury researching costs of UK infrastructure.
Bill is a Fellow of ICE, was chairman of the British Tunnelling Society from 2006 to 2008, presented the BTS's Harding Lecture in 2012, and has served two three-year terms on ICE Council.
Patrick Bravery is a Chartered Civil Engineer with experience of design, construction and management roles on commercial, infrastructure and transportation projects. He joined the insurance industry 15 years ago and has acted as lead insurer of major transportation projects such as Terminal 5 Heathrow, LTA Singapore, MTA New York and Doha Metro, Qatar.
Patrick is an active member of the construction insurance community having been involved in the production and implementation of the Tunnel Code of Practice for Risk Management and recently becoming chair of the International Tunnelling Insurance Group ITIG. Patrick lectures on risk management and insurance at both the University of Warwick's MSc in Tunnelling and the British Tunnelling Society's Design and Construction course.