Development Services

This area of Consultancy has the goal of arming your staff so they are better able to undertake risk management on a regular basis. This area includes:

If Development Services is of interest to you then please send a quick email to consultancy@risktools.com.au with contact details (name and telephone number). We will call you, discuss your specific needs and then compile a no obligation response.

Development of a Risk Management Procedure

This is a “one off” process that is undertaken with a small management team. The procedure includes the development of a Risk Breakdown Structure (RBS), which can:

  • Provide a consistent framework for risk management across the entire organisation and for each level of management;
  • Form the foundation of a risk workshop;
  • Filter information to assist management in the risk management process;
  • Report across the organisation (eg for line function managers); and
  • Collect lessons learnt for use in subsequent projects.

For more information on RBS see RBS.pdf

During the process, we also:

  • Define the structure and responsibilities for risk management across the organisation;
  • Determine the appropriate descriptions for risk analysis;
  • Identify the minimum anticipated reporting requirements; and
  • Describe the risk management process and how to facilitate a risk workshop.

Facilitate a Risk Workshop

We facilitate risk workshops so that you can:

  • See the risk management processes and toolsets in action and readily appraise the simplicity of the process.
  • Obtain a risk management plan including risk identification, analysis and treatment measures.
  • Expose personnel to the process (practical “on the job” training)
  • Assist in the development of potential in house facilitators for future workshops.
  • Bring technically experienced facilitators to the workshop so that they can add to the risk management outcomes

Assessing the cost of carrying risk – Contingency

We assist you in assessing cost contingency from two perspectives:

  • Those that relate to the estimate and which reflect the degree of comfort that the estimator has of the cost given to each line item
  • Those that reflect the costs that might arise should a risk occur that has been identified as part of the qualitative risk processes.

We help you assess the range of costs, run a Monte Carlo simulation, ensure that there is no “double dipping” and arrive at a visible assessment of an appropriate cost of contingency.

For more information on these two areas of Contingency please see:

Where to from here?

If Development Services is of interest to you then please send a quick email to consultancy@risktools.com.au with contact details (name and telephone number). We will call you, discuss your specific needs and then compile a no obligation response.