Five keys to healthy planning, project management that every manager needs, but only successful ones know.

Five keys to healthy planning, project management that every manager needs, but only successful ones know.

Projects, particularly larger ones, are inherently risky due to long planning horizons and complex interfaces. Inevitable changes in management and workforce personnel during the project’s cycle increase uncertainties. They also generate unwanted additional risk exposures. Five keys to healthy planning, project management that every manager needs, but only successful ones know.

May be you are among those who:

• Are concerned by poor risk identification and consequences evaluation.
• Find that your risk assessment does not offer enough “resolution” among risks.
• See that the existing project risk analyses do not include interdependencies, media outburst, potential for public outcry and the potential crisis impacts that could result.

Project Managers concerns

At Riskope, we talk on a regular basis with Project Managers who want to fill these gaps, but who can’t find solutions in common practices. The good news is solutions exist and are affordable!

Indeed, if you have at hand a clearer understanding of the project’s system your decision making will become easier and more defensible, costs will be under control— and, you will reduce the chances of experiencing the stress of coming in over budget, costly delays, being cornered, or worse of all complete project failure (on your watch).

Riskope will support your endeavors by:

• enhancing your team’s understanding of uncertainties,
• evaluating events and the implications of your assumptions,
• helping you discern between “business as usual” and risks to large to take,
• performing solid and well balanced quantitative project risk assessments and
• integrating the results of our analysis in a customized project management road-map totally unique to your business.

Riskope will undertake all or a selection of the following steps with your team:

• Define System’s Anatomy and Boundaries, perform Hazard Identification.
• Identify Elemental Failure Modes and their aggregated consequences.
• Evaluate Hazards and Elemental Failure Modes Probabilities.
• Evaluate Potential Targets and Costs of Failure including Compound Failure Modes and Interdependencies.
• Determine universal and sectoral Risks in a scalable and transparent manner.

Are you following:

• ISO 31000?
• ISO 31010?
• COSO?
• ONR 49000?
• AACE International Recommended Practice No. 57R-09, Integrated Cost and Schedule Risk Analysis using Monte Carlo Simulation?

Oftentimes teams following these practices are surprised to realize that, despite their efforts, their decision making, long term planning and management road-maps remain fuzzy. That is particularly clear in multi-actor processes involving multiple stakeholders, both public and private, driven by conflicting interests. As a result, the reason for this lies in unclear, unscalable, cluttered and opaque assumptions in common practice approaches used to implement those codes and methodologies.

Like many of Riskope’s clients you will see immediate benefits and realize the advantages of Riskope’s actions,

Benefits include:

• Confidence, clear decision-making, and powerful leadership.
• Clarity and transparency from streamlined Risk Assessment, where we strive to eliminate double counting and other common mistakes.
• Ease of internal and external communication thanks to the use of a clear glossary and definitions based on solid science.
• Rational and unbiased inclusion of lessons learned from past operating experience on similar projects (if available) and integration your team’s opinion in a scalable environment.
• Enhancement of your negotiating angles and increase of your competitive edge.

Many have all already enjoyed the benefits of Riskope’s unique and leading edge approach to risk. Indeed, the approach benefits from over two decades of international experience, the deployment of innovative, proven proprietary methodologies and the capacity to digest large volumes of information aimed at:

• Bringing crystal clear clarity and transparency to projects.
• Building sound leadership.
• Creating defensible stances.
• Durable mitigation and management.

So, who can benefit?

In fact, Riskope’s design their services for those managing projects which require cost and schedule accountability. It is not for people satisfied with the “Break-Fix model” or who want a project happening no matter what. Nor are these services for those that are comfortable with the status quo.

So if you are tired of:

• sleepless nights worrying over your project,
• chronic stress and concerns over quality,
• your project teams being overwhelmed by vast amount of data,
• not knowing how to calibrate mitigation appropriately,

then it’s time to work with Riskope.

Tagged with: budget, Complexity, interdependencies, project management, Project Managers, time contingencies, uncertainties, unplanned events

Category: Consequences, Crisis management, Mitigations, Risk analysis, Risk management, Uncategorized