Schedule Risk Analysis is a key element of our risk management and control methodology.
Every project has risks; the projects that succeed are the ones that plan for those risks by anticipating, mitigating, and providing response and contingency plans for the negative events that may occur.
Many organisations have developed a traditional approach to project controls which is biased towards cost and schedule and has little or no emphasis on risk assessment and management.
This is understandable as traditionally we know much more about cost and schedule than we do about risk, and are therefore much more comfortable analysing and discussing projects in these terms.
The problem with this is that inadequate risk assessment and lack of mitigation increases the potential for cost over runs, schedule delays and perceived project failure.
Insight Project Services recognizes this and has developed an integrated cost & schedule risk analysis and assessment process, which utilizes industry best practices and latest software tools to model cost & schedule risk.
We use our specialist industry knowledge and experience together with leading software tools such as “Acumen Risk” & “Primavera Risk “to perform Monte Carlo based qualitative and quantitative Schedule risk analysis.
This provides our clients with valuable information about their projects risk exposure which not only helps them to avoid, mitigate and prepare for risk, but allows them to manage the expectations of stakeholders and ultimately make better more informed decisions.