Risk management

Projects inevitably involve risks. Risks can determine whether the project objectives are achieved or not. From the moment a project starts, therefore, it is important to define and manage the possible risks. This is done by conducting continuous risk analyses during all phases of the project.

Identifying and defining risks

We identify the possible effects of the specified risks on the project objectives. This might include the costs, the planning consequences, the level of disruption for the surroundings and quality and safety. However, you cannot manage a risk just by knowing what might happen next. It is also important to make provisions, to define adequate management measures to prevent the risk from occurring and decide what to do if it nevertheless occurs. Because the core principle is to eliminate the threat and minimise the consequences of any risk. In fact, this is what risk management is all about.

Knowledge is power

To guarantee quality, we constantly aim for improvement and optimal compliance with whatever we have decided upon. We do this during every phase of the project by monitoring whether the measures are actually being taken and are having the desired effect. If not, we make adjustments and take additional measures. We have the knowledge, the experience and the software in-house to successfully implement risk management. Moreover, we register the risks in a risk database we developed ourselves and we also use specific statistical software such as @Risk and Primavera Risk Analysis.

We therefore have all the ingredients required to implement detailed risk management.