Consultants

Managing Estimate Uncertainty

Estimates by their nature are uncertain. Would being able to model estimate variables, improve scope definition, and deriving a suitable inherent contingency make your life easier? Would quick updating as new information arrives, optioneering and project end cost forecasting during implementation also help? This 8 minute video will show how this is now possible and...

Is your risk management toolset efficient or wasteful?

Once an assessment of the efficiency of your risk process has been made (see the insight “Is your risk management process efficient or wasteful?”) the second element is to consider whether your risk toolset is efficient or wasteful. There are two aspects to consider – Inputs and Outputs. Inputs are straightforward. Risk management should be...

Is your risk management process efficient or wasteful?

Since the first standalone risk management standard (AS/NZS 4360 - 1996) there has been a significant growth in risk management as a specialisation. These “experts” have espoused a range of processes which, although mostly well intentioned, are often far from efficient. The result is a considerable waste in time and hence costs. Over the...