The Myths: Risk management predicts the future The risk management process changes what happens in the “real world” Risk management is a stand-alone discipline and process It is a single one-off calculation fixed for the duration of the project The Reality: It cannot predict the future but allows us to manage the uncertainty and maximise

Skilled workshop and meeting facilitation are at the core of the successful elicitation of high-quality risk information.  The workshop provides the foundation of the project and programme risk process. All risk information is not the same, poor quality risk identification and description leads to poor risk management outcomes.  To this end our approach whilst simple, aims to maximise the quality of

The assessment of the risks and opportunities for the bidder, both for inclusion in the bid documentation and specific to your organisation or consortium. Develop the risk management plan and responses to risk management questions required by the bid Capture estimating and schedule assumptions and their potential impact on your objectives Understand your exposure to loss

Projects are different, strategies are different and project environments are different (Hetland 2001): there is no such thing as universal best practice, or even best theory. Projects are unique, environments are unique and expectations and objectives vary dependent on the key stakeholders and their objectives. At Equib we are well placed to support in the

Equib provides the following quantitative risk analyses based on the use of Monte Carlo simulation to aid robust decision making: Estimating cost variability/ tolerance (as distinct from risk which has an associated probability) Project and programme opportunity and risk Schedule duration variability/ tolerance/ uncertainty, risks and opportunities Schedule critical path analysis under uncertainty Elastic cash flow

With our experience in the management and analysis of risk within projects and programmes we are ideally placed to review and audit current process within an organisation, project or programme. How effective and mature is your current process? How robust is your current quantitative analysis? What needs to be implemented to improve performance and engagement?

Many bids and risk management guidance procedures require a document detailing the risk management roles and responsibilities, process, organisation, communication and identification and analysis methodology. At Equib we have the breadth of experience of bid input, risk management process implementation and audit to support organisations and projects in developing an appropriate and pragmatic risk management