Risk Management / Analysis Consulting Services
Why is Risk Management & Analysis Important?
In the modern business climate, it’s no longer sufficient to account for only deterministic projections of project outcomes. Instead, we’re seeing an increased need to understand our exposure to project uncertainties.
Projects are like living organisms and uncertainty can creep in from many sources, including:
- • Scope uncertainty (uncertainty regarding what needs to be done)
- • Estimating uncertainty (uncertainty regarding the cost or time taken to perform known scope)
- • Interfaces between organizations or government bodies (uncertainty from influences beyond our control)
- • Risk Events (uncertainty from things that may or may not happen); and
- • Planning & estimating quality / inaccuracies (uncertainty from “the human factor”).
Our Project Risk Services
As our name suggests, risk management is our core business. We offer a wide variety of risk consulting services ranging from the basics of risk rating & identification, through to cost / benefit analysis and probabilistic forecasts of both schedule and cost, including risk driver identification.
Our risk services are broadly divided into three main categories:
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