A joint venture company was developing a new mine in a remote area. The mine and processing plant would require far more power than could be supplied through the existing high voltage (HV) transmission network. The enhancement of the regional HV network was to be delivered as a turnkey project. We undertook a quantitative risk analysis of the capital cost of the project on behalf of the power engineering contractor.
Creating value from uncertainty
Broadleaf Capital International is a specialist risk management consultancy. Our expert team brings decades of experience, leading methods and a deep understanding of risk and its management. We operate around the world.
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So often it seems, papers and articles about risk management are not written in plain language so that everyone can understand what is required and how they can improve their own approaches. However, Broadleaf has a different view. We try explain concepts from first principles, using simple language and then give proven, practical solutions based on our many years of experience. In addition to written materials our website now offers video presentations that cover the concept of risk, governance reporting under ASX Principle 7, project risk modelling and the debunking of many myths prevalent in risk management.
Dr Stephen Grey made a presentation on recent developments in qualitative risk analysis to the Melbourne Chapter of the Project Management Institute on 29 April 2014. It covered 3 topics; recent developments in approaches to risk management, the benefits a risk assessment can bring to a project team outside of the core risk management activity, and what we can learn from the relationships between risks.