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Risk Management

Our JTR Consultancy Services risk management service aligns with the ISO 31000 industry best practices. Our aim is to instill a culture of risk management and reporting within day-to-day project management. Our team of consultants is proficient in executing a range of strategies geared towards optimizing the cost and schedule aspects of project delivery.

Enhancing Risk Awareness:

We employ well-established techniques to identify and comprehend the objectives of key stakeholders in the context of risk management. Building upon this foundation, we utilize effective communication methods, such as hosting risk awareness seminars, to heighten the understanding of risks among the project team. These initiatives streamline the implementation of the risk management process and are typically integral to the successful adoption of the overall risk management policy and associated procedures.

In-Depth Analysis:

Following the creation of a customized risk register encompassing all identified risks, we conduct a qualitative assessment of the potential impact of each risk. This step advances the risk assessment process to the quantitative analysis phase. The insights gathered, along with the identification and analysis of opportunities, serve as the basis for project-specific risk management procedures. Our methodologies include quantitative cost risk analysis (QCRA) and quantitative schedule risk analysis (QSRA), empowering stakeholders to make well-informed decisions regarding budgeting and scheduling that mitigate the project’s risk profile.