No matter the scope of your project, risks exist that must be managed. As business constraints grow, and organizations aim for ever more competitive outcomes, the importance of strategic risk management cannot be understated. AP-Canada’s research has shown definitively that the more complex a project is, the riskier it becomes, and the greater the odds will end up as a disaster.
AP-Canada’s Facilitated Capital Project Risk Workshop provides a ready-made structure within which project teams can easily identify, assess, and prioritize risks in a proactive and systematic fashion. Our experienced consultants work closely with your project team to help identify and manage the major risks that can threaten the team’s goals and objectives.
A Facilitated Capital Project Risk Workshop begins with a brainstorming session that includes all key functional groups from the project team. The conversation is facilitated by our expert consultants, who draw upon their experience and their knowledge of AP-Canada’s proprietary database of common risks. Once risks are identified, a scoring system is utilized to rate both the potential impact of each risk and the likelihood of its occurrence.
The risks are then prioritized, risk owners are assigned, and response plans are developed for the most significant risks. Lastly, a risk register containing the details of each individual risk, along with associated action plans, is provided to the project team. If desired, the register can be uploaded into Pyxis, AP-Canada’s proprietary risk management software tool.
The Facilitated Capital Project Risk Workshop draws upon AP-Canada’s experienced staff, industry-leading methodologies, and world-class tools to provide a structured format for implementing a holistic risk management process by:
- Identifying a comprehensive set of risks associated with the project
- Categorizing risks using a structured format
- Assessing and Prioritizing risks for treatment, based on their potential impact and likelihood of occurrence
- Assigning risk owners and initiating the development of robust treatment plans
- a comprehensive risk register