Risk analysis, activation and injection are critical to our framework for the management of cost and schedule. Emphasis is on technical and financial recovery as part of our reporting cycles.
Risk management is an integral part of the PMO practices and processes, as is early warnings. Risk exposure and subsequent activation plans are all presented in a format allowing the executive team and stakeholders to decide on a course of action and is enforced at all levels within the organization.
The Javelin PMO system is designed around Cost, Schedule and Risk cornerstone, and managed in a ‘three-legged stool’ approach.
Javelin is constantly reporting on these components and any failure to mitigate or recover risk exposure will result in instant alarms via our dashboard reporting mechanism, or other financial reporting process such as Estimate to Complete (ETC).
We have applied risk management systems into several organizations worldwide and this has resulted in the successful delivery of many large projects.
Javelin has implemented technology roadmaps, transformed divisions and carried out due diligence exercises based on a solid risk management platform.
Risk management is an active process involving all individuals in an organization. Javelin has extensive experience in training staff to understand and utilize risk management processes.
Notably we have implemented comprehensive risk programs to support complex contract negotiations involving critical factors related to political environment and sustainability.
Every project involves risks, whether it is related to cost, time, safety or reputation. Without a proper understanding of risk, it is very difficult to manage them and can delay remedial responses and make these responses emotional.
There are five primary ways to manage project risks:
At Javelin we provide the following risk management services:
Project Schedule Health Check and Risk Assignment
Risk Register Design and Review
Facilitation of Risk Workshop
Javelin do a quick risk-free assessment on your project risk profile. If we are unable to help manage your project risk, we will happily do it for FREE! Email to us your schedule/programme of work and risk register if you have one.
There is absolutely no risk here!