RiskTools

Asset owners

Risk management is the cornerstone for managing assets. A solid risk management strategy helps asset managers identify risks with current assets, identify an optimal solution, manage project risk from concept to completion, enhance safety from design through to operations, meet regulatory compliance requirements, and improves decision making.

We have helped asset owners with the following (please tick the areas which interest you):

	Developing an integrated risk management process for both assets and projects
	BENEFITS A consistent approach to risk for assets and projects Management at a programme level and by line managers Basis for efficient workshops Enables an integrated approach to safety from concept through design, construction and operations.	RESOURCES RBS information Brochure [PDF] Safety at a glance [PDF]
	Identify risks and how to manage them efficiently and effectively; getting the design right first time; planning a project; and approval processes.
	BENEFITS Ensure risks are correctly controlled by the organisation Demonstrate a reduction in the risk profile over the planning period (as an input to obtaining management approval). Improved assessment of options Getting the design right first time Ensure contract documents reflect the best risk management outcome.	RESOURCES RiskOrganizer brochure Purchase RiskOrganizer Documenting Contract Risk Why spreadsheets don’t cut it
	Plan and Manage Safety / HAZOP and Safety in Design
	BENEFITS Integrated HAZOP process across projects Improved communications across all parties Work towards Aspirational Guide “Guide to Best Practice for Safer Construction	RESOURCES HAZOP [PDF] Safety at a glance [PDF]
	Assess an appropriate contingency allowance
	BENEFITS Efficiently assess an appropriate contingency for carrying risks	RESOURCES Assessing the cost of carrying risk – Contingency
	Assessing risk and contingency in the time schedule
	BENEFITS Gain a realistic appreciation of the time needed for a project	RESOURCES Other Specialist Workshops
	Risk managment for relationship contracts
	BENEFITS Enable an appreciation by all parties of their risks Improve communications Overcome barriers to an integrated approach (eg IT fire walls) Improve likelihood of achieving project and each parties desired outcomes	RESOURCES Other Specialist Workshops
	Risk managment during implementation
	BENEFITS Access reports that encourage ongoing risk management	RESOURCES Risk Management Reporting [PDF]
	Resolving issues
	BENEFITS Efficiently resolve issues through an assessment of a 'bottom line' amount	RESOURCES IssuesValuer brochure IssuesValuer product page

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