Proactive Risk Management in Mega-Projects

This technical report details how Femern A/S successfully managed risks in the construction of the Fehmarnbelt Tunnel, the world's longest immersed tunnel, linking Germany and Denmark. The project, with a budget exceeding €7 billion, is a significant infrastructure initiative aimed at enhancing sustainability and efficiency in transport systems. The report outlines the risk management strategies implemented by Femern A/S, led by Risk Manager Bo Nygaard Sørensen. Key components include the establishment of an integrated risk register, development of a risk index for structured risk management, and the promotion of a risk-aware culture among employees. The use of the Predict! software facilitated real-time risk assessment and management, ensuring compliance with Danish regulations and ISO 31000 standards. The report emphasizes the importance of viewing risk as a strategic driver rather than an administrative burden, fostering a collaborative environment where all stakeholders are engaged in risk management processes. Continuous improvement and accountability are highlighted as core values in the project's execution.