Major projects that go wrong or fail are no longer tolerable - especially when millions of pounds are at stake and scarce resources liable to be wasted. Risks and their consequences must be considered during the planning stages, before costs are incurred and promises made.

The actuarial profession exists to solve problems that involve long-term financial risk. More and more project teams are therefore turning to actuaries to assess the viability of major capital projects. In this relatively new field, actuaries have demonstrated the flexibility and value of their unique skills.

Want to know more?

• RAMP process (Risk Analysis and Management for Projects)
• Capital projects - how actuaries can help