ABSTRACT
The limited financial resources of the company prompted an extraordinarily thorough analysis of the project risks and consequent strategies for controlling and distributing them. A well-conceived approach to risk control, together with the marriage of technical and financial disciplines, lies at the heart of successful project planning. Detailed, meticulous planning goes hand in hand with an effective control and management information system. Most organizations have a fairly good faculty for concentration in the face of a serious crisis. The chapter suggests that one of the benefits of the Churchill Falls project is the achievement or progress in advancing the state of the art in these areas. The project area was a high plateau, covered with lakes, poorly drained, traversed by the Churchill River, uninhabited, devoid of any means of access except by air, and featuring a harsh and inhospitable climate.
