copyright © 2015 risk decisions. all rights reserved | project risk management – confidence to...

Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com

Project Risk Management – confidence to deliver: on budget, on time, every time

Trevor Jay

[email protected]

+44 (0)7595 206805


• PART 1 – Introduction• Introduction to Risk Decisions

• PART 2 – What does good risk management look like?

• Broad involvement

• Transform data into information

• Decision making

• Managing by exception

• Consistent and auditable

• Continuously improving

• PART 3 – Additional Predict! functionality

AGENDA


Management owned Risk Management & Analysis experts since 1985

To support large project-based organisations andgovernment departments across the globe, protect their reputation and increase shareholder value,through better informed strategic decisions, by using our Predict! software on their projects, portfolios and for Enterprise-wide Risk Management.

Our Mission

Risk Decisions Group


Our Customers include:

Framework Agreement since

2006

Preferred supplier since 1993

Since 2004

http://www.nationalgrid.com/


“We chose Predict! over several competitors because it offers the functionality and flexibility we need as a project based organisation, now and in the future. Predict! is also a widely used and trusted tool.

Since we started implementing Predict! to manage risks during the project delivery phase, our gross margins have increased by around 2%.”

Our Customers say:

Paul Pring, Director, Infrastructure (Rail)


Our Customers say:

“We recognized the need to implement a tool that could support the consistent approach and delivery of our PLP risk management processes on projects, including risk reporting across business units, regions and clients.

We needed a flexible risk management system which allowed us to configure risk registers and risk scoring criteria to suit the needs of our clients. We chose Predict! because it is powerful yet easy to use.

It also offers an attractive concurrent licensing model that works well with the way we use the tool in our regions worldwide”.

Greg Ramsay, Global Director, Risk Management


“ A particular advantage of Predict! is the ability to start with a very basic system, and then deliberately ‘switch on’ the more complex functions, such as escalation, email and workflow as the organisation develops.

This offers excellent flexibility in configuring the system for not only corporate but also individual project and client needs.”

Darren Fisher, Project Risk Management Lead

Our Customers say:


“I am implementing a risk management system across a very large infrastructure programme. I want to bring both the client and the supply chain into the risk management process.

I therefore need control over who can see what and I need to be able to fine tune access and functionality to the ability of the user/organisation. I also do not know at this point in time exactly how many users I will have.

Predict’s fine access control and concurrent licensing provides just what I need.”

Mike Gladwin, Doha Expressway

Our Customers say:


• Broad involvement

• Transform data into information

• Decision making

• Managing by exception

• Consistent and auditable

• Continuously improving

PART 2 – What does good risk management look like?


• Ease of Use– Personal interaction with Predict!– Seeing only relevant information– Being alerted to updates and action required– Quickly adding and editing risk information

Broad involvement


• Rolling up data and presenting information

– Organisation• Hierarchy tree

– Configuration• Multiple scoring systems• Categories

Transform data into information


• Reports– PIG (Probability Impact Grid)– Top n– Summary report

• Analysis of plans, risks and uncertainty

– Project Schedule analysis– Calculating contingency & confidence values

Decision making


• Focussing efforts on improving processes and outcomes

– Risk hot spots• Metrics reports

– Risk Dashboards

Managing by exception


• Consistent– Reports– Data capture– Terminology– Categories

• Auditable– Filtering– History

• Risk Library

Consistent and auditable


• Easily configurable

• Escalation

• Related Risks & Actions

• Full function Monte Carlo modelling

• Email reminders

• Highly granular security

• Ad Hoc reporting

• Integration with corporate reporting tool

• Export to and Import from MS Excel

PART 3 – Additional Predict! functionality


Integrated Predict! SoftwarePredict! Risk Controller

Risk management & standard reports

Predict! Risk Intelligence

Web interface to build ad-hoc

reports

Import your project schedule from MS

Project or Primavera

Predict! Risk Analyser

Cost and Schedule Monte Carlo Analysis

Predict! ConnectUse your own reporting tool

Predict! Risk Controller Lite

Risk Upload/download using MS Excel


• Predict! modules licensed separately• Concurrent and/or Named Licences• As many users as you want• You only pay more as the system is used

more, not just to add users• You control user layouts, functionality and

access• Volume discounts

Flexible licensing – minimises TCO


Thank You – Any [email protected]

+44 (0)7595 206805www.riskdecisions.com

mailto:[email protected]

mailto:[email protected]

copyright © 2015 risk decisions. all rights reserved | project risk management – confidence to...

Documents

risk management copyright

good risk management

risk reporting

risk registers

plp risk management

risk scoring criteria

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