Managing Cost Risk and Uncertainty in Infrastructure Projects

Document type: Good Practice Document
Author: Infrastructure Risk Group, Institute of Risk Management (IRM)
Publication Date: 30/12/2013

  • Abstract

    In 2015 Infrastructure UK undertook a review of the cost of infrastructure projects in the UK and how this cost could be reduced.  One workstream researched the management of cost risk and uncertainty throughout the project lifecycle, the incentive being to significantly reduce the cost of projects by curbing unnecessary spend, especially of the contingencies allocated for cost uncertainty.  Crossrail was part of an industry group of major infrastructure owner operators that undertook the research.  This report presents this group’s output and recommendations, a package of supporting material such as tools, examples of leading practice and the plans for future improvement.

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  • Authors

    Infrastructure Risk Group


    • Miles Ashley, London Underground
    • Will Boxall, London Underground
    • Rob Halstead, Crossrail
    • Jeremy Harrison, Network Rail
    • Mike Bartlett, Network Rail
    • Tony Rose, Scottish Futures
    • Ibar Murphy, Heathrow
    • Gary Thomas, Highways Agency
    • Simon Longstaffe, HS2
    • Andy Garlick, Schofield Lothian
    • David Penhallurick, Infrastructure UK