Broadleaf Capital International is a specialist risk management consultancy. Our expert team brings decades of experience, leading methods and a deep understanding of uncertainty and how it can be understood and managed. We operate around the world.
This case describes a risk assessment associated with a technical program to upgrade equipment and control systems across a major oilfield. It demonstrates the relationships between program, project and headline risks, and the value of generic key elements for structuring risk management activities. It also notes that a program risk assessment may help to identify and focus attention on improvements to broader aspects of organizational performance, far beyond the program that initiated the discussion.
This case describes a risk assessment associated with a technical program to upgrade equipment and control systems across a major oilfield. It demonstrates the relationships between program, project and headline risks, and the value of generic key elements for structuring risk management activities. It also notes that a program risk assessment may help to identify and focus attention on improvements to broader aspects of organizational performance, far beyond the program that initiated the discussion.
This tutorial is drawn from Broadleaf’s long experience with project range analysis, also referred to as quantitative risk analysis or probabilistic risk analysis. It describes some key lessons about project range analysis, and what constitutes good practice. The material covers the analysis of both costs and schedules; the same principles apply to both.