What is risk velocity in project delivery?
Risk velocity is how quickly unresolved risks compound schedule and cost exposure especially on marine programs where late discoveries force rework.
Detailed explanation
Late mooring or stability issues can idle yards and reset class submissions. Sequencing which risks to retire first protects milestone credibility.
Why it matters
Teams treating all risks equally often defer the few items controlling schedule.
Example from work
Floating asset programs benefit from retiring hydrostatics and interface risks before layout freeze.
Common mistakes
- Long registers without sequencing.
- Deferring class and site studies.
Related questions
What is risk velocity in project delivery?
Risk velocity is how quickly unresolved risks compound schedule and cost exposure especially on marine programs where late discoveries force rework.
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