Risk Management
Expert Risk Management and Quantitative Risk Analysis for Quality Construction Outcomes
Comprehensive Risk Identification, Assessment, and Mitigation
Proactively identify, assess, and mitigate risks before they impact your construction project’s cost, timeline, and quality. Our expert risk management services combine industry knowledge with advanced quantitative techniques using @Risk software to perform Monte Carlo simulations. This enables us to model uncertainties and forecast potential outcomes.
By quantifying risk at key confidence levels – such as P50 (the median expected cost) and P90 (a conservative estimate with a 90% confidence level) – we provide clear insights into the probability of different project scenarios. We also provide input into, maintain and update a detailed project risk register, ensuring all risks are tracked, prioritised, managed and mitigated throughout the project lifecycle.
This comprehensive approach allows you to make informed decisions, safeguard your investment, reduce delays, and drive successful project delivery through effective risk control.
Quantitative Risk Analysis (QRA)
Our Quantitative Risk Analysis (QRA) services use @Risk software to apply statistical models and probability distributions, delivering detailed, data-driven assessments of potential risks impacting your project’s cost, schedule, and outcomes. By evaluating risk exposure at P50, P90, and other key percentiles, we help you prioritise mitigation efforts and confidently manage uncertainties.
Through integration with the project risk register, our QRA supports dynamic risk tracking and mitigation, strengthening your project planning and risk management strategy, supporting resilience, optimised cost control, and timely delivery for your construction projects.
Set Your Construction Project Up for Tendering Success
Talk to Cuesko’s experts about preparing tender documentation that reduces risk, protects stakeholders, and drives stronger procurement results.