Risk Management
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Project Audit and Recovery (PAR) consultants understand that risk management is a systematic process in order to reduce exposure to risk by the identification, understanding, analysing and managing the uncertainty that occurs in any project. With the experience gained in a variety of industries our consultants are able to identify key areas of risk, the likelihood of an event occurring, and estimate the possible consequences, and advise of possible corrective measures. Risk is any factor that might affect any of the following elements of the project:-
It has been recognised for some time that the client should consider risk at regular intervals throughout the project’s execution especially during the project development stage. PAR consultants are able to advise on the selection of the risk analysis simulation software should this be considered appropriate.
Many consultants try to make risk management a ‘Black Art’, thereby making it difficult for others to undertake this role. It is our philosophy to make all project controls concepts and methods of working as transparent as possible, risk management being no exception. 4 key steps in risk management are:-
PAR consultants understand that risk management affects all parties working on the project be they client or contractor manager or engineer and actively encourage all to take part in risk workshops.
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Send mail to
ewarren@pargroup.co.uk with
questions or comments about this web site.
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