Everything an owner or a business does involves some element of risk. But, with a focused, facilitated Risk Assessment process, you identify potential risks, mitigate them and take advantage of the opportunities that arise when you do.
Depending on your requirements, you can leverage one of two NCE Risk Assessment processes.
A qualitative risk assessment identifies the risk associated with your project. Your assessment also includes strategies for mitigating each risk, and contingency strategies for managing unavoidable risks.
In addition to identifying risks, and strategies for avoidance and management, a Quantitative Risk Assessment evaluates risks for their impact on budgets, scheduling and other parts of your business.
NCE’s Risk Assessments relies on the facilitation and leadership of a team of Subject Matter Experts (SMEs) who are hand-picked to review your project. They are qualified, experienced and skilled in their respective disciplines. Their objectivity and knowledge allows them to identify all potential risk, and the associated mitigation and avoidance strategies.
Tell us the story of your project. Want to beat the competition to market? Streamline a key business process? Avoid a construction challenge? Drive the most value from your next project? The more we know, the better the results.
We assemble a multidisciplinary team of SMEs, from both inside and outside your organization, as needed; focus the discussion on risk assessment and avoidance, and give them a specific, defined process to discover the potential risks.
The team identifies potential opportunities to mitigate risks and/or develop contingency strategies to manage them. The most feasible strategies are chosen for development into a Risk Assessment.
The Risk Assessment, including the mitigation and contingency strategies (and the quantification of financial and scheduling impacts if you choose a Quantitative Risk Assessment) are presented for your review and feedback.
The overall benefit of a Risk Assessment is very clear. When you know the obstacles and pitfalls that lie ahead, they are easier to avoid.
With the clarity and confidence that comes from knowing where risks lurk and how to mitigate them, you eliminate the unpleasant surprises that keep you up at night.
If one problem arises, especially if it's unexpected, it often leads to others. The more issues you anticipate, the fewer surprises you’ll have to manage.
When every stakeholder in your project, from architects to sub-contractors, are focused on the same goals of risk avoidance and the opportunities it presents, it becomes habit-forming.
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