Risk Management in projects : Methodology for monitoring risks

In April 2010 Vägverket (the Swedish National Road Agency) andBanverket (the Swedish National Railway Agency) will merge intoTrafikverket (the Swedish National Traffic Agency). Trafikverket willassume unified responsibility for the risk management that atpresent is responsibility of Vägverket and Banverket separately. Atpresent, as it will be shown in this thesis, Vägverket and Banverketshare the same theoretical background for risk management but usedifferent implementations often within the same agency. The use ofdifferent implementations results in a reduced transparency of therisk management both within and outside the agencies: this willbecome even more problematic when they will be fused intoTrafikverket. The aim of this thesis is to review the current risk managementmethodologies used at Vägverket and Banverket and to suggest aunified tool for the risk management at Trafikverket. This will bedone by focusing in particular on construction projects, one fromVägverket (Partihallsförbindelsen) and one from Banverket(Nynäsbanan). In this thesis a particular emphasis will be put on theimportance of communication for risk management within anadministration. Better bottom-up and top-down communication andfeedback will enable improvements and more transparent riskmanagement especially at higher levels in the agency such as theboard of the project managers. The tool that will be proposed in thisthesis builds on the current tools used at Vägverket and Banverketthus assuring a smooth transition towards a unified tool