While components of project management – scope management, change management, and cost/schedule controls – are effective individually, an integrated risk management process is essential for successful project execution.
A well-defined and integrated risk management process maximizes value through judicious use of time and money. MELL risk management specialists identify and evaluate project risks, manage risk registers, facilitate qualitative risk assessments, conduct quantitative risk analyses, and develop risk mitigation strategies. In conjunction with project stakeholders, we develop qualitative risk assessments; integrate those assessments into robust, quantitative cost and schedule risk analyses; and monitor and mitigate risks accordingly. Our risk services include the following:
- Risk analysis
- Cost risk assessment
- Schedule risk assessment
- Risk modeling
- Risk response planning
- Cost and schedule risk management
- Risk training