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Safran Blog

Our project management and schedule risk analysis experts share their knowledge.

Boosting project profits: the role of risk management

Owner and director of Redstone Risk Ltd, Will Foulds, introduces his new report which shows that certain risk management practices lead to higher project profits.

A recent study in the International Journal of Engineering Business Management (Vol 11, 1-16), found that the level of a business’ Project Risk Management Maturity (PRMM) has a significant impact on its profit performance. 

18th November 2021 Read more

Collation of data inputs: Completing risk analysis with confidence

The success of Cost and Schedule Risk Analysis (CSRA) begins and ends with the very first stage of the process; the collation of data inputs. Quite simply, the quality of the data - covering cost, schedule, uncertainties and risks – that project teams put in, will determine the quality of the risk insights they get out. By taking the time to get this initial stage right, project teams can make better-informed decisions and improve project outcomes.

02nd November 2021 Read more

AECOM optimises value for its clients using Modern Risk Analysis

Ezinwanyi Kesieme is Associate Risk Manager (Head of Quantitative Modelling) at multinational engineering firm, AECOM. Below she explores why AECOM has adopted the “Risk Driver Method” and “Sensitivity Analysis”. She explains how these modern and powerful risk analysis methods help AECOM to complete projects faster and with lower total project cost.

20th September 2021 Read more

Beyond what you know: Realising extra value from Cost and Schedule Risk Analysis

The majority of project teams conduct cost and schedule risk analysis (CSRA) for one simple reason – more realistic information = better business decisions.

Revealing the likely impact of individual risks on a project’s cost and time to complete, CSRA is a valuable tool in every project team’s toolbox. It ultimately enables organisations to turn their project risk data into meaningful messages that inform project teams, guide their decision-making and engage them in a way that many traditional project management techniques simply cannot.

 

Realising CSRA
07th September 2021 Read more

5 steps to improving project outcomes in a rewarding way

Risk and resilience expert, Alexander Larsen, explains why getting the most out of Cost and Schedule Risk Analysis (CSRA)can be an immensely rewarding experience.  

23rd August 2021 Read more

Enabling risk management to drive project success

Donna Festorazzi is Head of Programme Risk Management at Stantec and an internationally experienced risk management professional, with a multidisciplinary background. She believes that risk management insights should empower project teams to optimise delivery performance, rather than purely facilitate project-approval processes.

16th August 2021 Read more

Risk management to the rescue

Albert ‘Mac’ McMillan is a project management specialist with more than 40 years’ experience. In this Q&A, he talks about how a failing project can be turned around with the help of some timely and effective risk management.

 

30th July 2021 Read more

Better Project Risk Management Increases Profitability

During these uncertain times, it is all too easy to catch a cold on a project. Uncertainties drive up costs and delays, profits vanish from this project and the next two. Soon, the business is forced to make some difficult decisions. This scenario is more likely in today’s riskier, more uncertain times. But better risk management can help.

15th April 2021 Read more

7 Lessons Learned About Cost and Schedule Risk Analysis

There are some things about risk analysis that you only learn through experience. And here are some of those lessons from expert Ian Nicholson.

11th February 2021 Read more

Integrating Schedule & Cost Risk Analysis

Why do so many projects miss their duration and cost estimates? There are many factors, but a lack of integration between cost and duration could be leading you down the wrong path.

28th January 2021 Read more

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