Risk Management

Projects managed under a formal Risk Management Program result in predictable outcomes and achievement of project objectives as they relate to cost, schedule and quality.

The risk of events occurring that will add cost, increase schedule or diminish quality are identified in regular workshops and mitigating actions are determined. Responsibility is assigned to carry out the mitigation and a monitoring and reporting system is implemented to ensure mitigation plans are being carried out and are having the desired effect. Once mitigation is implemented, the risks are re-evaluated and, if necessary and possible, further mitigation is assigned. The risk identification, assessment, mitigation and continuous evaluation of the most probable outcome will lead to a controlled successful outcome for the project.