No project is without risk and learning how to manage it is vital to a project’s success. Effectively managing your project’s risk allows you to identify the potential impacts, both long and short term, while helping to futureproof and please shareholders. Most importantly, it means you remain in control.
To continue operating in an ever-more competitive and unpredictable business world, organizations need to get comfortable dealing with all facets of risk analysis.
With so many diverse objectives, you'll put yourself at a real disadvantage if you haven’t identified how certain risks can affect your project. BowTie risk analysis is a great way to help you combat this by highlighting the contributing factors that can trigger an unexpected event.
Whether you’re an existing customer of Safran Software, someone who’s thinking of becoming one, or are simply interested in what we do, let me start by saying: Happy New Year!
One of the key roles a Project Risk Manager plays is helping the team determine how much exposure the project has from the ‘known risks'. This helps them to calculate the amount of cost contingency the project should be retaining.
Opportunities and threats are often difficult to separate. What poses as an opportunity may become a threat if not correctly handled.
Effective risk analysis and management is 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 nigh on impossible if you haven’t taken the time to identify, analyze, categorize, prioritize, and gauge the impact of external risks before work commences.
There's nothing better than the feeling of being in control. Whether it's driving a fast car, being in control of your finances, or taking control of your work-life balance, being the master of your own destiny is a feeling like no other.
Oracle Primavera Risk Analysis (OPRA) has been a staple of the project controls community for over 30 years — and for good reason. Nevertheless, we’re regularly contacted by project managers looking to switch from OPRA to Safran Risk.
Without a doubt the largest event of its kind anywhere in the world, Project Controls Expo 2019 is only a few short weeks away. And once again, Safran is proud to sponsor both the London and Melbourne events.
It’s no exaggeration to say that manufacturing schedules are the foundation upon which successful projects are built. Correctly allocating resources, managing costs, and understanding the variables that may cause delays is vital if production is to be completed on time and within budget.