Press Article: Quantitative risk assessment in wreck removal tendering
20 July 2017
Quantitative risk assessment is a process used to facilitate the identification, quantification, mitigation and allocation of risks in project management. It is increasingly being used in wreck removal tendering as it provides all parties with greater clarity on the scope of the project.
Sam Kendall-Marsden, Head of UK & Americas Division, explains the role of quantitative risk assessment in more detail in an article for Maritime Risk International. The full article is available on the right.
2017 Informa plc. This article first appeared in Maritime Risk International, June 2017, pp18-19: http://www.maritime-risk-intl.com/salvage/quantitative-risk-assessment-in-wreck-removal-tendering--1.htm