This report sets out the main findings of a commissioned Study carried out by the OMEGA Centre at University College London (UCL) for the Institution of Civil Engineers (ICE) and the Actuarial Profession (AP). The Study was undertaken with the purpose of developing recommendations for updating the sponsors. RAMP (Risk Analysis and Management for Projects) Handbook (ICE and AP, 2005) on how better to incorporate environmental and social dimensions of sustainable development in the appraisal of major projects.
The assignment was commissioned in light of the growing international importance given to the concept of sustainable development to infrastructure development as reflected in the new ICE Mission Statement. This has the overall vision of civil engineers as being “at the heart of society, delivering sustainable development through knowledge, skills and professional expertise”. This challenging mission statement, among other things, looks toward practice that is more sensitive to the requirements of sustainable development in all activities involving civil engineering, and related actuarial expertise, in the planning, appraisal and implementation of major projects.