Risk Assessment
The delayed, over budget project has become so common, it’s almost considered an inevitability.
Petroglyph Project Analytics
141 Cambridge Street
Victoria, BC V8V 4B1
Canada
The delayed, over budget project has become so common, it’s almost considered an inevitability or the norm. Scope creep and unforeseen events that occur during project execution are significant contributors to the impact on the overall schedule and budget.
Managing uncertainties, both threats and opportunities, will greatly benefit the project in meeting the established objectives.
As third party risk assessment facilitators, we help our clients manage the uncertainties for their projects from conception through to completion, bringing an unbiased perspective to the client team.
Some project teams proactively account for these uncertainties in their project estimates and schedules, which can result in unintentionally inflating what is required to deliver the project for stakeholders. This can jeopardize the feasibility of the project and result in decisions being made on inaccurate data. In actuality, the impacts to both reputation and profitability caused by project overages, can be effectively and actively managed.
A robust risk assessment process will help the team to identify and assess risks (both quantitatively and qualitatively), rank and prioritize risks, and formulate mitigation strategies and plans.
Why Choose Petroglyph Projects for your Risk Assessment needs:
All too often, less experienced risk facilitators apply complex and non standardized statistical techniques and jargon which isolates the project team and makes the outcomes challenging to decipher and apply.
Some risk facilitators approach sensitive and sometimes controversial discussions from a less than collaborative approach, thereby disabling the efficacy of the process and outcomes.
Our approach to risk assessment is different.
We’ve found that by leveraging the expertise of the project team, applying straightforward risk gathering techniques and relevant risk templates we can effectively build an accurate risk model.
In our risk assessment workshops, we work with the project team to identify and obtain consensus on the key risk drivers, and areas of the most uncertainty. While the project team provides clear, concise, and accurate risk inputs we are able to work on the advanced analytics and model building.
Managing uncertainties, both threats and opportunities, will greatly benefit the project in meeting the established objectives.
As third party risk assessment facilitators, we help our clients manage the uncertainties for their projects from conception through to completion, bringing an unbiased perspective to the client team.
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