Every construction and engineering project involves an element of risk, but it’s risk that can be analysed and managed throughout a project.
The Critical Path risk management process includes identifying construction risks, potential exposures and creating a robust and effective risk management strategy that can be used at any point in a project.
For any project, regardless of whether it's begun or is underway, the Critical Path team will use risk analysis as part of their project planning and control and also to avoid potential disputes at a later stage. Using a range of modelling techniques alongside analytical techniques and simulations such as PERT and MonteCarlo, a clear and comprehensive overview of risk can be delivered alongside solutions and guidance for project delivery.
Every construction and engineering project involves an element of risk, but it’s risk that can be analysed and managed throughout a project.
Critical Path offers comprehensive risk analysis services to identify and quantify risks, as well as giving an accurate assessment of true costs and schedules with realistic contingency estimates.
As part of our risk analysis and management services, Critical Path also offers mitigation strategies and options to handle and deal with risks effectively. Once risks are known, decisions can be made to ensure risks are handled appropriately whilst still ensuring a project is delivered successfully.
For any project, regardless of whether it's begun or is underway, the Critical Path team will use robust risk analysis and management as part of their project planning and control and also to avoid potential disputes.
Using multiple modelling techniques alongside analytical techniques and simulations such as MonteCarlo and PERT, Critical Path works with clients to provide them with a clear and comprehensive overview of risk alongside mitigation solutions and guidance for a successful project delivery.
