Abstract
Nuclear power is currently undergoing a renaissance because of increasing energy demand and the ability of nuclear power to provide low-emissions, base-load power supply. However, the industry has been historically plagued with considerable technology deployment risks, with project cost and schedule overruns presenting a significant risk to nuclear plant investors. Considerable uncertainties exist with new nuclear power deployment, and there is a lack of a standardised industry approach to characterising, assessing and acting on these uncertainties to limit the variability on eventual project performance. This study identifies the major causes of risks in nuclear power plant deployment projects, and the role of project risk-management, as defined as the framework for creating awareness, assessment and action on risk. The study is performed through both a literature review of nuclear power plant project risk documentation, interviews with subject matter experts and a survey of a cross section of nuclear industry experts.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Strategic Engineering Asset Management
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
