Project Risk Assessment and Management

Project Risk Assessment and Management

EnRisk can help companies identify risk factors and avoid major problems in mega-projects.

Mega projects face enormous risks and uncertainties. Carefully identifying these risks and uncertainties and choosing the right risk management strategy confers a competitive advantage. Large national and international companies investing in major short- and long-term projects should protect themselves against major delays, cost overruns, and irregularities on their mega projects.

Enrisk directs, manages, and coordinates the development and implementation of robust and best practice for a comprehensive risk management plan that clearly defines roles and responsibilities for all of your capital projects; EnRisk establishes methodologies on how the your corporation will identify and quantify project risks; Our team implement prevalent industry risk and uncertainty factors along with new project-specific risks elicited from subject matter experts and track monitor and control risk response activities throughout the life of your program.

EnRisk conducts project risk analysis and risk mitigation, baseline cost and schedule contingency analysis, and Integrated-Cost-and-Schedule Risk Assessment, using Monte Carlo simulation and modeling tools such as Primavera Risk Analysis, @ Risk, Safran, Crystal Ball, and Acumen Fuse Risk. EnRisk ensures that large projects meet their schedule, budget, and regulatory compliance.

We are concentrating on five key information outputs to make sure important developments take place as planned:

  • Identify Project Risks
  • Establish and Update a Comprehensive Risk Register
  • Integrated cost-schedule risk analysis
  • Identify New Risk factors and their rankings based on their impacts on cost, schedule, and/or quality
  • Design and Implement Risk Mitigation and Risk Management Strategies

We assist in developing structured work plans for monitoring key stakeholder outputs based on sound industry practices, first-hand industry knowledge and an impressive track record in big projects.