Risk Management, Risk Assessment & Risk Mitigation
Effective risk management planning requires robust risk assessment and effective risk mitigation. As part of your construction team, we are able to quantify your risks in terms of effect, likelihood and cost and provide the strategies by which to mitigate those risks. Our vast experience enables us to provide insight and advice including in relation to risks arising from the unknown, intangible, and unforeseen.
Risk assessment – for risk mitigation
Understanding your risks requires more than risk identification. We conduct a wide array of risk assessments including; risk analysis to determine effect, risk appraisal to determine likelihood, risk evaluation to determine the cost, and the development of a risk mitigation strategy.
With this level of detail, you have the means to identify and manage the factors that most increase your risk. Our expert guidance means once the risks have been analysed and evaluated our ‘crystal ball’ software calculates your risk allowances to the 5th percentile, mean and 95th percentile risk levels or to any user definable level to suit your project.
Risk management – for quality outcomes
When it comes to risk management, every project faces risks which can have significant impact on the outcome. The ability to identify, analyse, evaluate, eliminate, control and value risks in project feasibilities and budgets, is essential for managing and achieving favourable outcomes. Cuesko have the experience, the knowledge and the expertise to provide the best possible advice.
Our approach to risk assessment is to find solutions before problems become a reality. We regularly participate or instigate workshops to engage all stakeholder and project participants – ensuring risk management is a whole of project process. We provide you with the real data you need to factor into your decision making process, preserving the integrity of your project for every stakeholder.
Risk management and risk mitigation services
- Risk Based Estimating.
- Risk Workshops.
- Risk Identification.
- Risk Analysis.
- Crystal Ball Valuation 5th Percentile, 95th Percentile and Mean Risk.
- Feasibility Studies.
- Procurement and Contract Advice.
- Value Engineering.