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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

New Insight: Performing Integrated Cost and Schedule Risk Analysis on a Multi-Billion Dollar Project

Pacific Northwest National Laboratory (PNNL) tackles some of America’s greatest science and technology challenges, including strengthening the country’s energy resiliency and protecting national security. By utilizing their expertise in chemistry, earth sciences, and data analytics, PNNL’s researchers have taken great steps in innovating and pioneering a safer, cleaner, world.

30th September 2020 Read more

The Impact of Scope Management on Project Success

Very few projects are ever completed in line with original plans and budgets. Unforeseen changes are inevitable in project management. But putting proper change control processes in place can drastically minimize their impact.

26th May 2020 Read more

What’s the Difference Between Qualitative and Quantitative Risk Analysis?

Effective risk analysis and management are fundamental to project success. Irrespective of the size or scale of your project, delivering it on time and within budget (not to mention preserving stakeholder confidence) is impossible if you don't take the time to identify, analyze, categorize, prioritize, and gauge the impact of external risks before work commences.

09th December 2019 Read more

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