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Article

1 Sep 2008

Author:
Engineers Against Poverty

[PDF] A systematic approach to project social risk & opportunity management: A briefing note for project managers of large infrastructure and extractive industry projects

Social risks are...often not adequately incorporated into project risk management processes because they are not as well understood by project teams as technical and financial issues...This briefing note presents the key elements of a systematic approach to managing social risk and opportunity. The core objective of this approach is to generate broad-based community support for the project based on free, prior and informed consent. This is achieved...by pursuing an approach to design that addresses social and environmental issues and stakeholder concerns. [refers to Shell, Meridian Gold, Minera Yanacocha (joint venture Newmont, Compania de Minas Buenaventura)]