The evaluation of risks (threats and opportunities) and the impact that they may have on a project is an important element for project budgeting, cost and schedule contingency management, and claims avoidance.
RINA North America’s Risk Management process aggregates data from various sources such as project reporting and monitoring, lessons learned, field logs, design documents, key stakeholder input, project interfaces, schedules, and cost estimates.
Our Risk Management process helps assess the primary risk elements that may occur during the course of the project and provides a range of probable outcomes so that Owners can set budgets that represent the true expected cost of a project.
- Risk Identification
- Risk Quantification
- Risk Response Planning
- Monte-Carlo risk modeling
- Risk Analysis
- Independent Cost Estimating
- CPM Scheduling
- Constructability review
- Proactive claims avoidance
- Contingency Analysis
- Contingency Management Planning
