Figure 1: Lifecycle view of risks in large infrastructure projects

Rollover/touch icons for details

Design

  • Project finance
  • Professional liability
  • Title risk

Construction

  • Delay in start-up
  • Project cargo transportation
  • Construction risks
  • Natural catastrophes
  • Riots, strikes, and malicious damage
  • Third party liability
  • Professional liability

Operation

  • Operation risks
  • Natural catastrophes
  • Terrorism
  • Third party liability
  • Business interruption (Damage and non-damage)

Maintenance

  • Project cargo transportation
  • Construction risks
  • Natural catastrophes
  • Third party liability

Demolition

  • Project cargo transportation
  • Third party liability

Effects of pre-completion risks

Effects of risks after completion

Source: Swiss Re Institute