Risk Management Consulting
very project, no matter what size, faces uncertainty during all phases of its life. Uncertainty spells the possibility of failure as well as offering the opportunity to maximize the outcome. MTA consultants with depth of experience from various industry domains can provide skilled coaching in the discovery of risks and assessing the range of influence they may have on the project goals. A focus on the practical ensures that meaningful responses are devised in consideration of project priorities.
his service is best deployed early in the project during initiation or proposal stages. Projects already underway will nevertheless benefit from risk assessment. The extent of service is flexible depending on your needs, ranging from coaching, risk discovery, cataloging of risks, establishing a risk database, designing risk responses and opportunity realization plans. The support can be continued during project execution, as well as assisting with post-project closeout and lessons-learned analysis.
Schedule and Budget Risk Analysis
The discipline of risk assessment is further extended into areas of specialized analysis such as the modeling of the project schedule and/or budget to ascertain the likelihood of project success. Such analysis serves to pinpoint specific activities that pose a greater threat to the project outcome, resulting in more efficient allocation of resources and management attention.
The MTA consultant will work side by side with your project leaders to assess the uncertainty inherent in the schedule or cost estimates, and apply simple computer-based tools to model the likely outcomes of the project. This information is then applied to adjust the project plan where necessary to minimize the uncertainty and achieve the desired level of confidence either in the committed delivery dates or budget.