Risk Management Services
Revay project lifecycle risk management facilitates the predictable and repeatable delivery of successful projects.
Uncertainty is inherent in all construction projects and for complex projects particularly, successful management of uncertainty is fundamental to project success. Revay provides the independent and credible risk management facility necessary for project teams to consistently manage uncertainty around achieving the project goals.
At the concept phase, Revay works with the initiation team to identify the uncertainty around overall goals from the project environment and develop an implementation strategy matched to that environment.
During the planning phase, Revay works with the core team to identify and quantify systematic and event-driven uncertainty within the project plan. This analysis results in a prediction of actual outcomes with acceptable reliability that forms the baseline cost and duration control and a process for assigning responsibility and accountability for the management of individual risk.
Revay oversees independent risk management during the execution phase. This ensures the whole project team maintains a risk focused culture throughout project delivery. Uncertainty is reassessed at regular intervals and at key milestones. The resulting risk-based contingency management processes also provide an audit trail of project decisions and outcomes.
- Project life-cycle uncertainty
- Risk opportunity identification and analysis
- Risk process and procedure development
- Independent risk management oversight
- Decision tree analysis
- Risk reduction and mitigation