Roads to Resilience

Summary

At The Technology Partnership, the ability to explore, improvise, work autonomously, and in a team are key attributes for every engineer, scientist and project leader. As the technology development projects that TTP conducts for its clients are so complex, they involve significant uncertainty. This means that clients often cannot clearly specify their expectations at the commencement of projects and so managing client relationships is also crucial. In each individual project, risks are managed by peer-reviews, and by establishing a fast response if problems occur, rather than trying to predict every potential problem. Part of the responsiveness that TTP has developed is based on the company avoiding the over-commitment that results from taking on too many client projects. Across the many projects that are running at any one time, TTP’s total exposure to risk is mediated by the variety of markets in which it operates. In addition to client projects, TTP also funds some of its own development projects but it is extremely cautious on such investments preferring, where possible, for clients to fund development.

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Roads to Resilience: Building dynamic approaches to risk to achieve future success