All projects, no matter how meticulously planned, are exposed to the effects of risk. While you may not be able to predict the future with total certainty, there is a framework you can build to mollify any nasty surprises you might face during a project.
Risk management is an integral aspect of project planning. By identifying and analyzing potential shortfalls, project managers can mitigate risks while continuing their project processes full steam ahead.
Risk management software is pivotal to successful project management. However, despite its importance, it can be years before organizations consider upgrading.
But times change, new challenges arise, and risk management professionals must be enabled – through the use of the latest tools – to plan for these new challenges.
Our new e-book, written by David Hulett, a thought leader in the world of risk management, puts forward the notion that cost and duration risk can be better prepared for by upgrading your organization's risk maturity level.
Infrastructure mega projects are often integral to the city, region or country in which they’re built. The Panama Canal brings in almost $3B for Panama annually, Dubai’s International Airport accounts for 27% of the country’s GDP, and the Channel Tunnel – between the UK and France – continues to drive profits year after year.
Safran is delighted to announce the formation of our new strategic partnership with Hulett & Associates – one of the foremost authorities in project management consulting and noted leader in the field of risk assessment, management, and mitigation.
As we wish 2018 a fond farewell, now's the perfect time to look ahead and explore some of the biggest trends that risk management professionals should keep in mind for 2019
With an ever-increasing number of rail passenger journeys in the UK, leading to constant calls for new railway lines, the rail manufacturing industry is booming. It was, therefore, a pleasure to be involved in such a project last year – working with Anil Godhawale, founder of project controls consultancy, ProjCon.
Practised by thousands of individuals across the world, project scheduling is perhaps the most common discipline of project planning and control. Every project in every industry is managed according to a schedule, regardless of size or scale, and the use of scheduling software has become a staple ingredient of project planning. With such significance placed upon scheduling activities, you'd be forgiven for thinking that projects are well-planned and successfully-executed, but research tells us that projects often, even usually, overrun their schedules by some margin.
Cost and schedule risk analysis assesses the likely effect of uncertainty, as well as individual risks on overall project costs and time-to-completion. Essential to accurate project control and forecasting, it can also reveal how much contingency is needed to stay within budget and meet deadlines.