Protecting the value of a project involves dealing with the uncertainty that will be associated with its delivery.
We have adopted systematic Risk Management to maximize opportunities and values and minimize threats. management has improved every aspect of our business and effectively saved time and money for all stakeholders.
Risk Management uses various sets of statistical and analytic tools (modeling software) to produce value enhancement in our jobs.
For our projects, even the fast-track ones, there are often long and complicated processes in the supply chain. No matter how good a project schedule is or how well resources perform in the execution of tasks in that schedule, if critical dependencies associated with the project are not included in the description of the effort, they represent considerable risk to delivering the project value.
Among the most important factors, the following list remarkably is applied to most projects:
- Design information postponements and shortages
- Late Issue of design documents
- Late vendor data
- Delayed procurement
- Contractual arguments
Risk Management has helped us minimize the impact of these factors. has reduced and minimized the flow of uncertainty in decisions.
As an essential precursor to implementing Risk Management, we have clearly defined the goals of our projects, considering constraints and assumptions.
We identify risks to the main objectives of projects by incorporating previous projects “Lessons Learned” which, are systematically provided and issued through Sazeh Quality Management System (SQMS).
Risk Management is the continuing process of planning, identifying, quantifying, responding to, and controlling risks to maximize the potential for the success of a project or an activity. is a coherent and comprehensive approach to the project management that encompasses and effects other processes and practices associated with the project management as well.