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.
A preliminary hazard and operability (HAZOP) study of a mine expansion project identified potentially major risks associated with a large water pipeline near a village. A simple scenario-based risk assessment, conducted quickly by a small team, generated a range of improvement options for pipeline design and construction. Simple approaches can generate excellent results when used appropriately. It is important not to short-cut the risk management process by eliminating any of the steps, but the steps themselves can be tailored according to the project’s scope and need.
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.
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.