A systematic risk management process results in more realistic planning, better achievement of project goals, usage of the best suitable procurement and contract strategies, better assessment of contingencies and the avoidance of financially unsound projects.
We implement a structured approach to enable the effective management of risk at each stage of the project. Our risk management procedures are deeply integrated within our project management processes such as cost and time management, and product-related ones (e.g. designs and FF&E). The process generally involves the full understanding of the project objectives, scope, success criteria; the identification of risk and the assessment of the structure of these risks to determine their ownership, probability of occurrence and impact; and the planning and implementation of responses if these risks are to occur. Our robust and tested risk management process is believed to be one of our core strengths based on which our overall project management performance is founded.
We also focus on monitoring design development by advising on contractual, financial and functional implications of the design options. Additionally we maintain program progress reporting and manage the design discipline interfaces ensuring a fully coordinated design. These efforts culminate in effective communications with the construction team, approval authorities and other stakeholders.